Institution: City of Knoxville Pension Board
Headquarters: Tennessee, United States
Allocation to alternatives: 19.20%
City of Knoxville Pension Board has agreed to $32 million-worth of commitments across two infrastructure vehicles, according to the pension’s December 2019 meeting minutes. The vehicles comprise of two open-end infrastructure funds managed by IFM Investors and Ullico Investment Advisors respectively.
IFM Investors will receive a $21 million commitment from the pension, with Ullico Investment Advisors receiving the remaining $11 million. The specific vehicles which will be receiving the commitments are yet to be disclosed.
The investments will be made out of the $630 million pension’s real assets portfolio, which comprised of 15.10 percent of total assets of June 2019.
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