New York State Common Retirement Fund (NYSCRF) has added Wateron and Antin Infrastructure Partners to its fund manager lineup by committing $550m (€505.5m) to the managers.
The pension fund has placed $300m into the Waterton Residential Property Venture XV fund and committed $250 to the Antin Infrastructure Partners V.
The Waterton fund is focused on acquiring and operating value-add apartments that will seek to invest in a balanced portfolio of properties across the top 30-40 metropolitan statistical areas in the US based on population.
As previously reported, Waterton is seeking to raise $2bn for the US apartment fund.
According to NYSCRF, the Waterton fund has no assets at present. Waterton declined a request for comment.
IPE Real Assets reported in October last year that Antin Infrastructure Partners had raised more than €5bn for the global infrastructure fund and was aiming to raise up to €12bn for the fund.
NYSCRF said: “Antin is an experienced institutional manager with a very strong track record. The allocation would also provide additional exposure to investments with infrastructure characteristics with upside potential that is expected to provide an attractive risk-adjusted return.”
The pension fund also made a $450m commitment for the EQT Infrastructure VI.
Back in February, EQT disclosed it had set a €21bn hard cap target for the fund, and that the actual fund size is dependent on the outcome of the fundraising process.
Most of Fund VI’s capital will be invested in either Europe or the US as it targets value-add investment opportunities in sectors such as energy, environmental, transportation, logistics, social and telecommunications.
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