Tierra Adentro Growth Capital Unveils $100M Infrastructure Fund for Tech in New Mexico
Tierra Adentro Growth Capital has launched a $100 million infrastructure fund aimed at supporting technology companies in New Mexico. This strategic initiative bridges investment gaps in sectors like advanced energy and aerospace, fostering job creation and economic development in the region.
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Tierra Adentro Growth Capital (TAG Capital) has initiated a $100 million infrastructure fund targeting next generation technology firms in New Mexico. This fund aims to address the investment gap identified by the New Mexico State Investment Council (SIC) and focuses on investments from a few million dollars to $40 million, with a first investment in Zanskar, an AI-native geothermal energy developer.
Alok Sindher will manage TAG Capital, leveraging over 20 years of infrastructure investment experience. The fund has attracted significant interest without any marketing, indicating strong demand. The SIC's commitment of $1.8 billion to top-tier venture funds highlights a growing ecosystem that this fund will enhance. Potential job creation and retention of company ownership are key benefits, aligning with New Mexico's economic growth objectives.
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