Home Allocations
allocations
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.
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.
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.