California Public Employees’ Retirement System (CalPERS) has approved a $1bn (€906.9m) commitment into its Asia-Pacific infrastructure partnership with Australian fund manager QIC.
According to a board meeting document, CalPERS is committing the amount into the Golden Reef Infrastructure Trust, a $455.5m partnership which invests in a variety of infrastructure assets in the Asia-Pacific region.
When contacted, QIC told IPE Real Assets: “We are not able to discuss details regarding our client’s mandates.”
The $380bn pension fund has also made a $600m commitment into the Gulf Pacific Power relationship, a $1bn partnership with Harbert Management Corporation to invest in North American power assets.
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