DCRB doubles its commitment to BlackRock GIF IV

District of Columbia Retirement Board announced a second commitment to BlackRock's fourth global infrastructure fund.

Name: District of Columbia Retirement Board
Headquarters: Washington DC, US
AUM: $9.5 billion
Allocation to alternatives: 23%

District of Columbia Retirement Board (DCRB) has announced a second commitment of $150 million to BlackRock’s Global Infrastructure Fund IV, according to its 17 November board meeting documents.

The DC-based public pension fund had previously committed $150 million to BlackRock‘s fund in July 2022. With a target size of $7.5 billion, the fund aims to invest in sectors such as energy, utilities and transport.

DCRB allocates 3 percent of its investment portfolio to infrastructure, amounting to $283.8 million in capital. The pension fund’s target allocation to infrastructure is 6 percent.

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