The $2.27 billion Cincinnati Retirement System has committed $50 million to JPMorgan Infrastructure Investments Fund, according to a board meeting document.
JPMorgan Infrastructure Investments Fund is an open-ended infrastructure fund that invests in all types of infrastructure assets in North America, Western Europe and Australia, including utility projects, airports, communication networks, shipping ports and toll roads.
The fund seeks to raise $1 billion in total equity commitments and has raised $533 million so far, according to IREI’s FundTracker database.
The fund also received a $100 million commitment from the $17 billion Kansas Public Employees Retirement System in 2016.
As of June 30, Cincinnati had a target allocation to infrastructure of 7.5 percent, with an actual allocation of 5 percent.
