Rhode Island State Treasury approves $20m commitment

The US public pension has backed a North American-focused infrastructure fund.

Institution: Rhode Island State Treasury
Headquarters: Providence, United States
AUM: $8.11bn
Allocation to alternatives: 17.90%
Bitesize: $10-50m

Rhode Island State Treasury has agreed to commit $20 million to Star America Infrastructure Fund II, according to the pension’s March monthly report. The fund targets medium-sized infrastructure projects in North America.

The $8.11 billion US public pension has a 4.0 percent target allocation to infrastructure which currently stands at 3.70 percent.

Rhode Island State Treasury previously committed to $25 million to Hastings Equity Partners Fund IV, an infrastructure fund with a 2018 vintage.

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