Infrastructure
The Southern-based private equity and infrastructure manager has hired a partner to help shape its strategy and enhance client solutions.
A global investment firm surpassed its fundraising goal for its sixth infrastructure fund targeting solar energy projects.
The firm’s most recent infrastructure fund reached its hard cap of $2.6 billion.
The retirement system previously did not have consultant coverage for private equity, private debt and private infrastructure.
The fund surpassed its target with $800 million in capital commitments.
The firm is expanding its presence across the Gulf Cooperation Council and the broader Middle East by building a dedicated regional investment platform to drive infrastructure investments and related activities.
The fund received educations on the two asset classes at its investment committee meeting last week as part of an ongoing asset/liability study.
The retirement system added the two new asset classes as part of a completed asset allocation study.
The commitments were made across private equity, credit and real assets totaled $725 million.
The retirement system hired a global equity manager to handle $500 million and added two commitments with existing manager relationships last week.