Connecticut state treasurer Shawn Wooden has approved a $100 million follow-on commitment to IFM Global Infrastructure Fund, an evergreen vehicle managed by IFM Investors.
The IFM Global Infrastructure Fund will invest in the energy, social infrastructure, transport, and water and wastewater sectors. As of October, Pitchbook estimated the fund invests between $750 million and $2 billion per transaction and is at a size of $19.7 billion.
In other news, Wooden also gave a greenlight to a $125 million commitment to IPI Partners Fund III, managed by IPI Partners. The company holds one of the world's largest private digital infrastructure portfolios focused on the hyperscale and enterprise markets.
IPI III acquires, develops, leases and operates data centers and related assets that serve the digital capacity needs of large, high-quality technology companies globally. The fund is targeting stabilized assets as well as some build-to-suit development projects, primarily
