The District of Columbia Retirement Board (DCRB) has approved a $200 million commitment to the open-end IFM Global Infrastructure Fund, according to a document from the fund’s March 18 meeting.
Managed by IFM Investors, the IFM Global Infrastructure Fund will invest in the energy, social infrastructure, transport, and water and wastewater sectors. The fund had raised more than $8.5 billion as of February, according to IREI’s FundTracker database.
Recent investors in the fund include the El Paso Firemen & Policemen’s Pension Fund, the Oklahoma Firefighters Pension & Retirement System, the Stanislaus County (Calif.) Employees Retirement System and the Fresno County (Calif.) Employees Retirement System.
The investment comes on the heels of DCRB’s approval of a new asset allocatio
