Chart of the Week: Pension Fund Geographic Segmentation

45 percent of pension funds come from North America

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Infrastructure Investor’s Research & Analytics team monitors global infrastructure fund investors’ activities. We have profiled over 389 pension funds around the world in the asset class as to date. The biggest component comes from North America which makes up 45 percent of the total number. 85% of these North American pension fund investors are headquartered in the United States. The next two major groups come from Europe and Asia-Pacific, making up 29% and 20% of the pension funds around the world respectively.

A few North American pension funds retain a keen interest in unlisted infrastructure funds and stated their future exposures in the last three months. For instance, the board of the Employees’ Retirement System (ERS) approved a commitment of $50 million to KKR’s Global Infrastructure Investors II fund in October and expects to make two or three more commitments within the next 12 to 24 months ranging in total from $150 million to $250 million. In December, the Oregon Public Employees Retirement Fund (OPERF) expressed that OPERF will commit between $1.5 billion and $2 billion to alternatives in 2015 bringing its total commitments to the asset class to between $4.6 billion and $5.2 billion and, OPERF has committed $400 million into four infrastructure funds in 2014.