Jordan Stutts
If for whatever reason you can’t go all in, then co-investment might be a better bet.
Going direct is well-suited to infrastructure. But anyone looking to do it will have to tackle tough questions around compensation and transparency.
CIO Angela Miller-May explains why being 52.1% short of its total funding doesn’t stop the Chicago Teachers’ Pension Fund from prioritising investing with diverse managers.
The Dutch firm has deployed 65% of its fifth flagship fund and hopes to make its first investment in the region this year.
The Canadian pension said it would continue its large-scale core infrastructure strategies as investors seek ‘higher risk’ assets.
The US’s largest public pension made commitments to GIP and JPMorgan, committing capital equal to around a third of its current infrastructure portfolio.
Infrastructure managers are caught in a balancing act, trying to choose between more ‘traditional’ assets that have a track record and ‘non-traditional’ assets that are less pricy but less proven, Hamilton Lane’s Brent Burnett says.
The latest move marks the third time the $75bn pension fund has increased its alternatives allocation target since launching the strategy in 2011.
Pension funds from the US and Europe make up the largest portion of LPs committed to Digital Colony Partners, which has already deployed nearly $1bn.
Investors in CONRAC facilities should be thinking of how the market might look in 15 to 20 years when financing deals, rating agency warns.