South Carolina Retirement System has placed $200m (€172.8m) into a new infrastructure fund managed by Basalt Infrastructure Partners.
The pension fund disclosed in a board meeting document that it committed the capital to Basalt Infrastructure Partners Fund V, but did not respond to a request for additional details.
Basalt’s predecessor fund, Basalt Infrastructure Partners Fund IV, reportedly closed at $4bn.
The latest fund, Fund V, utilises a core-plus and value-add strategy to acquire global infrastructure assets, with a specific focus on the utilities, power, transport and digital sectors.
South Carolina Retirement also said it expanded its TA Realty-SC separate account. The additional allocation allows for an investment of up to 1% of the pension fund’s total assets, representing a capital commitment of approximately $526.5m.
TA Realty is known for managing office, industrial, retail and apartment properties with core and value-add attributes.
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