CalPERS Allocates $2.6bn for Infrastructure Projects
Editorial StaffThe Facts -
- CalPERS has approved $2.6bn worth of infrastructure commitments.
- It has made additional investments in the Global Infrastructure Partners V fund, and Golden Maple Infrastructure Partners.
- As of the first quarter, the pension fund’s total infrastructure assets amounted to $15.7bn.
CalPERS Approves $2.6bn Infrastructure Commitments
The California Public Employees Retirement System (CalPERS) has authorized $2.6bn in infrastructure investments, as per the disclosure in a recent board meeting document.
The pension fund, valued at $498bn, has increased its stake in the Global Infrastructure Partners V fund by $850m.
Earlier, CalPERS invested $1.7bn in the same fund managed by Global Infrastructure Partners, which is aiming to secure $25bn.
Besides this, CalPERS invested $1bn in the newly established Golden Maple Infrastructure Partners and added $750m to the Tower Bridge Infrastructure Partners distinct account, increasing its total investment to $2.8bn.
CalPERS highlights that the partnership with Tower Bridge, established three years ago, has yielded a one-year total return of 21.5%.
In the first quarter, CalPERS' total infrastructure investments stood at $15.7bn, including assets across North and Latin America, Europe, and Asia Pacific.
For the most recent news on real assets investments, click here.
---
Read More USA Works News
