California Public Employees Retirement System (CalPERS) has added $1.8bn (€1.7bn) worth of investments to its real assets portfolio through five new commitments.
The $506.6bn pension fund disclosed in a meeting document it made $1.1bn worth of infrastructure fund commitments, invested in real estate by making a $500m commitment to the existing DB SAF C Strategic Partners Partnership and placing $210m to the KRE Campus Co-Invest vehicle.
The infrastructure commitments consisted of $324m to Copenhagen Infrastructure V USA Feeder, $500m to KKR Global Infrastructure Investors V and $310m to the GIP Redwood Co-Investment Fund.
Copenhagen Infrastructure Partners is seeking to raise €12bn for Fund V, according to investors already participating in the fund. The fund aims to invest across various renewable energy sectors in Europe, North America and the Asia-Pacific region.
As previously reported, KKR is seeking to raise $20bn for its global infrastructure fund.
The specifics of the KRE Campus Co-Invest vehicle remain undisclosed. The DB SAF C Strategic Partners Partnership held by CalPERS was valued at $144.6m as of 30 June last year.
CalPERS declined a request for further comment.
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