The Connecticut Retirement Plans and Trust Funds has made a commitment of $200 million to Axium Infrastructure North America II, announced Erick Russell, Connecticut’s State Treasurer.
Axium Infrastructure North America II is an open-end fund managed by Axium Infrastructure that invests in infrastructure and natural resource opportunities.
Axium is focused on the sectors of energy, transportation and social infrastructure in the United States and Canada and targets both brownfield and greenfield investment opportunities, focusing on assets that are supported by robust market demand, under long-term contracts with creditworthy counterparties.
As of March 31, roughly 2.7 percent of CRPTF’s investments were allocated toward infrastructure and natural resources, well below the 7 percent target allocation CRPTF has set for the asset class.
