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The $18.5bn public pension fund recently approved commitments of up to $50 million each to IFM Global Infrastructure Fund and to JPMorgan Infrastructure Investments Fund.
But the Grattan Institute’s focus on discount rate is largely seen as missing the mark by the industry.
Heidi Crebo-Rediker helped draft legislation that would have established a national infra bank and served as chief economist under Hillary Clinton’s State Department.

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