Alaska Retirement enters infrastructure sector
The $23.4 billion Alaska Retirement Management Board (ARMB) has made its first investments in infrastructure, committing $300 million to two open-end infrastructure funds.
ARMB has committed $200 million to IFM Global Infrastructure Fund, managed by Industry Funds Management, and $100 million to J.P. Morgan Infrastructure Investments Fund, managed by J.P. Morgan Asset Management – Global Real Assets.
IFM Global Infrastructure Fund is a core infrastructure fund with eight portfolio companies, includes Colonial Pipeline, Anglian Water Group and Dalkia. It invests 50-50 i