California Public Employees Retirement System (CalPERS) has approved three new commitments worth $600m (€559m) to its real assets portfolio.
The pension fund disclosed in a meeting document that it has made a $250m commitment to a sidecar vehicle to co-invest alongside Brookfield Infrastructure Fund (BIF) V.
Back in August, IPE Real Assets reported that Brookfield Asset Management had at the time raised $27bn for BIF V. Earlier this year, CalPERS issued a $750m commitment directly into BIF V, a global infrastructure fund.
CalPERS has also committed $200m to a co-investment sidecar for the IFM Global Infrastructure Fund I. In September last year, the pension fund approved a $750m commitment directly into the IFM Investors fund. The open-ended global infrastructure fund targets net returns of 8% to 12%.
CalPERS said it also made a $150m commitment to DCP C Strategic Partners.
The pension declined a request for further comment.
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