DCRB commits $150m to BlackRock

The US-based public pension has backed BlackRock's fourth global infrastructure fund.

Institution: District of Columbia Retirement Board
Headquarters: Washington, DC, US
AUM: $11 billion
Allocation to infrastructure: 0.9%

District of Columbia Retirement Board has confirmed a $150 million commitment to Global Infrastructure Fund IV, according to the pension’s minutes from July 2022 meeting.

The fund, managed by BlackRock, has a target size of $7.5 billion and has currently raised commitments from two institutions. It has a global-based region focus.

DCRB currently allocates 0.9 percent of its investment portfolio to infrastructure, significantly lower that its target of 6 percent. Its recent fund commitments have been predominately focused within North American with varying strategies.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy, and fund investments.