IPERS approves $300m commitment

The US public pension has backed an open-ended infrastructure fund.

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Institution: Iowa Public Employees’ Retirement System
Headquarters: Des Moines, United States
AUM: $34.98 billion
Allocation to alternatives: 24.46%

Iowa Public Employees’ Retirement System has agreed to commit $300 million to Brookfield’s Super-Core open-ended vehicle, according to the pension’s June 2020 investment meeting minutes.

The fund provides infrastructure exposure through cashflow-resilient structures and a conservative financing strategy with a focus on utility, energy, power and transportation sectors across developed markets.

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