Washington State Investment Board considers $250m commitment into Oaktree infrastructure fund

Washington State Investment Board (WSIB) is considering a $250m (€248.2m) commitment to Oaktree’s open-ended transportation infrastructure investing vehicle.

WSIB said in a meeting document that, subject to approval next week, it intends to make the commitment to Oaktree Transportation Infrastructure Capital Partners (TICP).

TICP seeks to make investments in North American transportation assets, businesses and infrastructure, including airports, seaports and railroads. The fund targets an 8% to 12% net internal rate of return and an 11% to 15% gross return.

Oaktree declined a request for comment.

Back in May, IPE Real Assets reported that the Los Angeles County Employees Retirement Association was also considering making a capital commitment to the Oaktree transportation infrastructure fund.

To read the latest edition of the latest IPE Real Assets magazine click here.

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