Teachers’ Retirement System of Louisiana (TRSL) is investing $50m (€42m) each into IPI Data Centers’second fund and I Squared Capital’s latest infrastructure fund.
The $21.6bn pension fund said in a meeting document that it has approved a commitment to IPI Partners II, a data centre fund planning a $1.5bn fundraise to buy a mixture of data centres, technology and connectivity-related assets.
The pension fund’s other $50m commitment has been placed into ISQ Global Infrastructure Fund III, a global fund planning to raise $12bn.
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