Allocations

The Japanese pension giant has stepped up its alternatives asset manager search and issued a call for applications for infrastructure, global private equity and real estate funds of funds.

Bearkat I in Glasscock County, one of two Texas wind farms acquired by Copenhagen Infrastructure Partners last summer, is expected to be operational by the end of 2017.

Performance for the Canadian pension plan’s private portfolio, which continues to grow, is in line with last year’s.

Allocation to infrastructure increased to 17 % in 2016 as the Canadian pension’s total net asset topped C$85bn.

Despite falling short of last year’s $250m investment target, the US pension said it still plans to allocate 4% of its overall portfolio to the asset class by 2020.

The $2.29bn Aussie super fund singled out its partnership with Whitehelm Capital as ‘key’ to the outperformance.

Along with making its fourth infrastructure investment, Chicago Policemen’s Annuity and Benefit Fund has increased its target allocation to the sector from 2% to 4%.

Harvard Management Company, which has an infrastructure allocation target ranging from 6% to 16%, is also cutting staff headcount by half and shifting its strategy to become a generalist organisation.

The $1.4trn Japanese pension fund is moving into a more dynamic selection process and integrating ESG factors in its investments as it hopes to become a role model for Japanese investors.

With the exception of Australia, the Canadian pension does not have exposure to Asian infrastructure.