The Connecticut Retirement Plans and Trust Funds (CRPTF) Investment Advisory Council has committed an additional $150 million to AxInfra NA II, according to investment correspondence.
AxInfra NA II, a vehicle of Axium Infrastructure, is an open-end fund that targets energy and transportation assets in the United States and Canada. The fund aims to invest in brownfield and greenfield opportunities, with a focus on assets that are in markets with strong demand and under long-term contracts with creditworthy counterparties. The South Carolina Retirement System committed $200 million to this fund in recent years.
As of Feb. 28, the CRPTF had $71.6 billion in total assets under management, with a 7 percent infrastructure allocation goal and $2.5 billion in total infrastructure assets.
