RIST approves $50m commitment

The US public pension has backed an infrastructure fund.

Institution: Rhode Island State Treasury
Headquarters: Providence, United States
AUM: $8.47 billion
Allocation to alternatives: 19.5%

Rhode Island State Treasury has agreed to commit $50 million to ISQ Global Infrastructure Fund III, according to the pension’s September 2020 meeting minutes. The firm will invest opportunistically in larger market deals where there is a unique value-add play.

The $8.47 billion US public pension has a 4 percent target allocation to infrastructure that currently stands at 3.4 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the transport, renewables, utilities and energy sectors within the Asia-Pacific, North America and Europe regions.

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