GPIF hires StepStone for infra

The Japanese pension plan announces new appointments to pursue global infrastructure opportunities.

Government Pension Investment Fund, Japan (GPIF) has appointed StepStone Infrastructure & Real Assets as its new fund-of-funds investment manager to implement its global core infrastructure strategy.

The appointment is the result of the RPF for alternative investments manager in April 2017 with a mandate to invest in core infrastructure assets worldwide.

Meanwhile, GPIF also hired Sumitomo Mitsui Asset Management as the gatekeeper to carry out pre-investment due diligence and post-investment collaborations.

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