Suffolk Pension Fund commits £35m

The UK pension fund is making its effort to ramp up the underweighted infrastructure allocation.

The UK Suffolk County Council Pension Fund has committed £35 million to JP Morgan’s open-ended infrastructure fund.

The pension fund aims to exploit the advantages of the open-ended vehicle, better liquidity and faster capital deployment, to grow its infrastructure exposure.

Currently, the pension fund allocates 2.5 percent of its investment portfolio to infrastructure, falling behind its 5 percent long-term allocation target.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.