BCFPERS backs two infrastructure vehicles

Baltimore pension system splits $25m between two infrastructure funds managed by Carlyle and Brookfield.

Name: Baltimore City Fire and Police Employees’ Retirement System
Headquarters: Baltimore, US
AUM: $3.1 billion
Allocation to alternatives: 24.8%

Baltimore City Fire and Police Employees’ Retirement System has recently approved two infrastructure commitments, according to materials from its February 2023 board meeting.

The Baltimore-based pension system committed $15 million to Brookfield Infrastructure Fund V, which is managed by Brookfield Asset Management, and $10 million to Carlyle Renewable & Sustainable Energy Fund II, managed by The Carlyle Group. Both funds were launched in H1 2022 with a core strategy and main sector focus of energy and renewables.

BCFPERS allocates 24.8 percent of its portfolio to alternative investments. Its portfolio is managed by NEPC, a Boston-based investment consultant.

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