NDSIB to back Macquarie’s MIP IV

The US state pension and investment administrator takes a step to diversify its infrastructure portfolio.

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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