LP Tearsheet

Philadelphia approves $45 million commitment

The US public pension has backed an infrastructure fund.

By
Domonique Lemonius
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Institution: City of Philadelphia Board of Pensions & Retirement
Headquarters: Philadelphia, United States
AUM: $5.80bn
Allocation to alternatives: 19.50%
Bitesize: $10-50m

The City of Philadelphia Board of Pensions & Retirement has confirmed a $45 million commitment to EIV Capital Fund IV, according to the pension’s December 2019 board meeting minutes.

The $5.80 billion US public pension has a 0.30 percent allocation to private energy/infrastructure.

As illustrated below, Philadelphia has made two commitments to infrastructure funds with vintage years of 2013 or later, which combined constitute at least $45 million.

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