Allocations

The New York-based infrastructure fund manager is closing in on its $12.5bn target for GIP III.

After combining infrastructure, real estate and forestland into a singular real assets unit in 2011, CalPERS looks to further consolidate its strategy.

AllianceBernstein, Babson Capital Management, MassMutual and the EIB are some of the institutions joining Bank of America.

Given infrastructure’s role in supporting economic growth, the European Commission hopes the lower risk charges for insurers will encourage them to increase allocations to the asset class.

Political and regulatory risks highlighted as major hurdles by Norway's finance ministry.