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Alaska Permanent Fund taps Barings to invest in state infra

The MassMutual subsidiary will manage half of APF’s $200m Alaska Future Fund, a recently-launched in-state investment platform, targeting real assets and private equity.

‘It’s hard to find a diverse manager in infrastructure’

CIO Angela Miller-May explains why being 52.1% short of its total funding doesn’t stop the Chicago Teachers’ Pension Fund from prioritising investing with diverse managers.

OPERF ups alternatives target to 15%

The latest move marks the third time the $75bn pension fund has increased its alternatives allocation target since launching the strategy in 2011.
Wind power

WSIB turns $500m Geronimo commitment into partnership with National Grid

The Washington State Investment Board has restructured $500 million originally committed to the Geronimo Renewable Infrastructure Partners fund into a co-investment partnership with the UK’s National Grid. According to a document published on WSIB’s website published online, the US pension announced the allocation shift this week. It comes after the UK utility bought out the […]

Future Fund chair warns of risks to SWFs from rising populism

Peter Costello said partnerships with local investors, but also greater transparency on the part of sovereign funds is the way forward.

Texas ERS targets $450m of infra investments next year

The Employees Retirement System of Texas plans to nearly double the current size of its infrastructure portfolio in the upcoming fiscal year with a view to growing it to $2.62 billion by 2023. The pension fund – the infrastructure portfolio of which had a net asset value of $571.2 million as at 30 September, accounting […]

OP&F backs US-focused Axium fund with $125m

Montreal-based fund manager Axium Infrastructure received a $125 million commitment to its US-focused vehicle from the Ohio Police and Fire Pension Fund. OP&F is expanding its $283 million real assets portfolio with the commitment to Axium Infrastructure US Fund, which the firm will use to invest in energy, transportation and social infrastructure assets, according to […]

NMSIC backs BlackRock’s third energy and power fund with $100m

The New Mexico State Investment Council has approved a $100 million commitment to BlackRock’s Global Energy and Power Infrastructure Fund III, according to a spokesman for the state endowment. Documents from NMSIC’s board meeting this week show GEPIF III had raised $2.1 billion before the endowment’s commitment. The fund is a continuation of an energy […]
Macquarie offices

North Dakota pushes Macquarie towards MIP IV hard-cap

The North Dakota State Investment Board is committing $140 million to Macquarie Infrastructure and Real Assets’ fourth flagship fund, according to documents made public before the pension manager’s upcoming board meeting. NDSIB’s first commitment to MIRA’s infrastructure programme is meant to diversify the pension system’s infrastructure portfolio. “JPMorgan is managing approximately $407.6 million in infrastructure […]
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