Connecticut Retirement Plans and Trust Funds (CRPTF) is planning to commit $200m (€186.5m) to Global Infrastructure Partners V.

The pension fund said in a meeting document that it is considering putting money into the Global Infrastructure Partners (GIP) fund.

GIP is seeking to raise $25bn for the global fund to target investments in the energy, transportation, water/waste and digital infrastructure sectors.

The fund’s hard cap is expected to be established once the fund hits its first close, which is expected to happen in the current quarter of this year. A final close is expected to occur in the second half of 2023.

GIP will contribute a 1.5% co-investment of the total commitment to the fund. Partners V targets sectors like energy, transportation and digital mainly in OECD countries. The fund is allowed to have up to 15% of the portfolio in non-OECD countries.

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