LP Radar – August 2016

31 August

Washington State Investment Board’s private markets committee is going to consider an investment in Resonance Industrial Water Infrastructure Ltd at its meeting tomorrow.

30 August 

Construction and Building Unions Superannuation Fund expressed that it is focusing more on direct infrastructure investments by making around AUD1 billion over the next five years. It also aims to building up its in-house infrastructure investment team to nearly 60 staff this year.

26 August

Insurance Commission of Western Australia expressed that it plans to increase the exposure of alternative investment (Defensive and Growth) to around 16 percent of the portfolio. Currently, it is only investing in one infrastructure fund, AMP Strategic Infrastructure Trust of Europe.

25 August

After two years of launching its infrastructure debt team – having poached senior members of AMP Capital in the process – AllianceBernstein is pulling out of the sector. Following the move, a number of infrastructure debt veterans will be on the look out for new jobs.

22 August

Pension Fund Association for Local Government Officials has hired Mitsubishi UFJ Trust and Banking to manage a global infrastructure allocation.

19 August

California Public Employees' Retirement System is soliciting bids from firms to provide management and oversight of quarterly valuations, annual appraisals and consulting services relating to its real assets portfolio.

17 August

Dai-ichi Life Insurance has approved JPY10 billion to Cosmic Blue PF Trust Lily, an infrastructure debt fund managed by Mizuho Global Alternative Investments (MGAI).

16 August

California Public Employees' Retirement System has doubled its limits for real assets staff to make discretionary investments: the Managing Investment Director will be able to invest up to $1 billion and the Chief Investment Officer up to $2 billion into infrastructure without investment committee approval.

10 August

Erin Leonard will join Minnesota State Retirement System as the next executive director. She will succeed current executive director, Dave Bergstrom, who will retire this December.

9 August

Asian Development Bank (ADB) Board of Governors has re-elected Takehiko Nakao to serve as President for another five years, beginning on 24 November 2016.

8 August

First State Super's chief investment officer (CIO), Richard Brandweiner, will leave the firm to join Leapfrog Investments in January 2017. Damian Graham will be the acting CIO and the firm will look for a permanent replacement.

4 August

San Francisco Employees' Retirement System’s board approved a commitment of $85 million to Bluescape Energy Recapitalization and Restructuring Fund III at its meeting on May 9.

1 August

International Finance Corporation has approved $200 million to IFC Emerging Asia Fund, which aims to address the infrastructure deficit across Asia. Korea Develop Bank and Fiji National Provident Fund are also investors of the fund.

To view last month's LP Radar, click here.