Allocations

Atlanta-based research firm eVestment reports an 85% increase in real asset allocations over the past year.

Some LPs are concerned about managers traditionally active in the PPP/PFI space branching out into other areas of core infrastructure and renewables.

The current investment environment is considerably uncertain and valuations in many markets are high, meaning returns may be inadequate for the risks being taken, the Singaporean sovereign wealth fund said.

South Korea’s sovereign wealth fund is reportedly attempting to nearly double its assets under management by 2020, its chief executive officer said at its anniversary ceremony this week.  

After its first infrastructure investment last month, the Ohio pension has pledged up to $80m to Meridiam’s third North American fund and upped its real assets target.

The investment management division of TIAA argued the infrastructure asset class is providing opportunities for institutions to create formal investment strategies.

The $38bn pension fund has made commitments to two listed and two unlisted infrastructure vehicles.

The $15.1bn pension is broadening a portfolio focused on timber to include infrastructure and agriculture.

However, infrastructure is still just 1% of the pension's portfolio, compared to 9% for real estate and 0.6% for forestland.

The Melbourne-based fund will also conduct a review of its A$100m private equity programme following a labour practices scandal concerning some portfolio companies.