The $2.5 billion Chicago Policemen’s Annuity & Benefit Fund has committed $25 million to Global Infrastructure Partners IV, according to Aoifinn Devitt, the pension fund’s chief investment officer.
Global Infrastructure Partners IV is a core-plus fund managed by Global Infrastructure Partners, a New York–based global, independent infrastructure investor. The firm focuses on infrastructure investments, which include projects in the energy, transportation, water and waste industries.
The fund previously received a $150 million commitment from Maine Public Employees Retirement System.
Chicago Policemen’s Annuity & Benefit Fund has a target allocation to infrastructure of 4 percent with an actual allocation of 3.26 percent.
