Infrastructure
Fund’s investors included a $1.3 billion commitment from the C$714.4 ($525.2) billion Canada Pension Plan Investment Board.
The retirement system added a new 10% target to the asset class in May.
The pension fund hopes to make a commitment in its infrastructure secondaries search this month after narrowing it to three firms.
The retirement fund is scheduled to hear proposed real estate and infrastructure pacing plans at next week’s investment committee meeting.
The board hired an infrastructure manager and adopted a new asset allocation policy in April.
The retirement plan interviewed the firm in closed session at today’s board meeting.
The retirement system approved infrastructure and private credit commitments at a meeting today.
The plan also received a trustee request for a competitive bid process for investment consulting services.
The retirement system is working with its general investment consultant to conduct a search for strategies.
The retirement system created a 3% target to the asset class in February.