Institution: Rhode Island State Treasury
Headquarters: Providence, US
AUM: $9.71 billion
Allocation to alternatives: 15.9%
In March 2021, according to Infrastructure Investor, KKR had secured its first European deal for the core infrastructure vehicle. The fund manager acquired a 40 percent stake in Caruna, which at the time was Finland’s largest electricity distribution company.
The $9.71 billion pension fund has a target allocation of 4 percent towards infrastructure, which currently stands at 3.1 percent.
As illustrated below, the recent fund commitments approved by Rhode Island Treasury have predominantly targeted North American unlisted equity vehicles across multiple sectors.
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