New York State Common Retirement Fund (NYSCRF) has disclosed making $650m (€547m) worth of infrastructure fund commitments in June.
NYSCRF said it placed $500m into the KKR Global Infrastructure Investors IV fund and $150m into the Northleaf Infrastructure Capital Partners III (NICP III) fund.
The $268.3bn pension fund told IPE Real Assets that the KKR fund provides the NYSCRF ”exposure to a manager with a risk-based approach to infrastructure investing and strong sector diversification”.
KKR is reportedly seeking to raise $12bn for the global infrastructure fund.
The pension fund said adding Northleaf Capital Partners to its infrastructure manager lineup provides exposure to middle-market infrastructure assets with downside protection and yield.
Last month, NICP III held a final closing for its third pooled infrastructure fund, raising more than $1.4bn of commitments and exceeding the original target of $1.25bn.
Northleaf’s infrastructure program is focused on direct, long-term investments in mid-market assets in OECD countries.
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