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California pension fund commits $25m to infrastructure

by Zoë Wolff

The $3.3 billion San Mateo County (Calif.) Employees’ Retirement Association has committed $25 million to CIM Infrastructure Fund II, according to an announcement on the pension fund’s website.

According to the firm’s website, CIM Group’s infrastructure series of funds focus on areas such as renewable energy generation, water management, and parking and urban transportation facilities.

SamCERA has a 16 percent target allocation to alternative assets.

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