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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 […]

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 […]

Alaska SWF’s transport bet drives double-digit infra returns

The $66bn Permanent Fund Corporation has just committed to Morgan Stanley’s new India fund and co-invested alongside the manager in the North American midstream sector.

IMRF seeks infra manager after dropping Oaktree commitment

The Illinois Municipal Retirement Fund is seeking a closed-end infrastructure fund manager to allocate an up to $25 million mandate, following the decision last month to not pursue a commitment with Oaktree Capital Management. Bids must come from fund managers offering investment strategies targeting at least two sectors – including transportation, utilities, energy, renewables, waste […]

Infra is ‘top sector for expanding North American investors’

Global investors have steadily been adding new strategies to their portfolios in the past three years with private debt, unlisted infrastructure, unlisted real estate and emerging markets equity topping the list, a new survey by London-based specialist consultant firm bfinance found. Of the 485 senior investment professionals surveyed, 66 percent said they had added a […]

LACERA planning first infrastructure investments for next year

An advisor to the $52.7bn pension recommended new strategies, including infrastructure investments, to ‘enhance the fund’s risk-adjusted returns’.

Japan’s Chikyoren seeks out alternative asset managers

While the $217bn public pension fund, which has to date invested $162m in overseas infrastructure, focuses on core strategies, it is also eyeing core-plus opportunities.

Bond investors ‘find Asian infrastructure most attractive’

While interest in the region increases, investable opportunities may become hard to identify due to risk profiles and mandate restrictions, according to a new survey.

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