Fort Lauderdale Police and Fire makes commitment to infrastructure
The Fort Lauderdale (Fla.) Police and Fire Retirement System approved a $22 million commitment to the Lazard Global Listed Infrastructure fund, managed by Lazard Asset Management, at a board meeting on Oct. 9. Fred Nesbitt, communications director for the retirement system, has confirmed the commitment.
The decision to commit to Lazard Global Listed Infrastructure was made after the retirement board heard from three separate alternative investment managers — Industry Funds Management, Brookfield Global Infrastructure Securities and Lazard — at the October board meeting. The funds for the investment will come from within the retirement system’s $157 million alternative investments allocation.
The retirement board has also decided to consider additional private equity investments and asked