California Public Employees Retirement System (CalPERS) has approved two new investments in its real assets portfolio worth $446.5m (€392m) in total.

The $395.4bn pension fund said in a meeting document that it has committed $346.5m to Meadow Gotham Management’s Meadow-Gotham Office Realty Partnership and $100m to the Harbert Infrastructure Fund VI fund.

Harbert Management Corporation is targeting a $700m fundraise for the infrastructure fund, a fund which raised $200m during its first close in the first quarter of the year. The Harbert Infrastructure Fund VI fund will mostly invest in the US or Canada.

Details of Meadow’s office real estate fund is currently unknown.

CalPERS declined a request for further comment.

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