CalPERS Restructures Infrastructure Guidelines
Pension officials hope more flexibility to invest in international infrastructure projects in developed countries will give the program more diversification and help results.
Pension officials hope more flexibility to invest in international infrastructure projects in developed countries will give the program more diversification and help results.
Effort seeks to ‘rebalance’ portfolio.
Platform will invest up to $1 billion in Colombian infrastructure projects and companies.
PSP Investments sells minority stakes in Forth Ports to Cbus, First State Super, and GLIL.
The program, however, represents just a little more than 1% of CalPERS’s AUM.
Project will see toll road development across four Indian states.
Move is part of a $3 billion inflation hedge.
Unlisted private, infrastructure investments barred by Ministry.
World’s largest pension fund adds infrastructure appointment, while global real estate fund-of-funds mandate announcements expected soon.
Emmanuel Jaclot will replace Macky Tall effective June 1.
Fund allocated 16% of its portfolio to infrastructure.
Move follows growing in-house management trend.
Pando to lead software development, IT infrastructure responsibilities.
Former infrastructure consultant, real estate consultant named as potential immediate replacements.
Sees strongest support from Japan, Korea, Canada, and Germany-based institutional investors.