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DCRB confirms $200m commitment

The US public pension has backed IFM Investors' long-standing open-ended global infrastructure vehicle.

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Institution: District of Columbia Retirement Board
Headquarters: Washington, DC, US
AUM: $10.09 billion
Allocation to alternatives: 8.9%

District of Columbia Retirement Board has confirmed a $200 million commitment to IFM Investors‘ open-ended Global Infrastructure Fund, according to minutes from the pension’s April 2021 meeting.

The firm’s 2004-vintage evergreen vehicle has raised more than $34 billion from investors since its inception.

DCRB allocates 0.6 percent of its investment portfolio to infrastructure.

The $10.09 billion US public pension’s recent infrastructure fund commitments have predominantly targeted vehicles focused on the energy, transport, utilities and telecoms sectors.

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