The North Dakota State Investment Board (NDSIB) will commit $140 million to Macquarie’s Infrastructure Partners IV (MIP IV). The commitment consists of $65 million from the Pension Trust and $75 million from the Legacy Fund.
NDSIB aims to reduce the heavy exposure to JP Morgan’s Infrastructure Investment Fund through the commitment to MIP IV.
Currently, NDSIB has allocated a total of $544.61 million to infrastructure portfolio and nearly 75 percent of it is weighted to JP Morgan Infrastructure Investment Fund.
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