The California Public Employees’ Retirement System (CalPERS) has made various infrastructure commitments in August and September 2023.
In addition to an $850 million commitment to Global Infrastructure Partners V, the retirement system also committed $850 million to a co-investment sidecar vehicle of the fund.
GIP V is seeking to raise $25 billion of capital and is investing in infrastructure assets that include energy, transportation and water/waste sectors.
In September 2023, CalPERS committed $300 million to Harbert Gulf Pacific Power (GPP). GPP was formed in 2013 to make equity investments in North American power infrastructure.