Investors - JANUARY 21, 2014

Hawaii ERS commits $50m to infrastructure

by Andrea Waitrovich

The $12.9 billion Hawaii Employees’ Retirement System has committed $50 million to McMorgan Infrastructure Fund, confirms Vijoy Chattergy, CIO of the pension fund. Courtland Partners advised Hawaii ERS on the investment.

McMorgan Infrastructure Fund is a feeder vehicle into the Global Strategic Investment Alliance, a $10 billion consortium of investors led by a $5 billion commitment from the Ontario Municipal Employees Retirement System. The fund plans to hold a close in March.

This is Hawaii ERS’ first investment in the vehicle and into a direct investment infrastructure fund. The commitment is part of the pension fund’s real return assets portfolio, which has a 5 percent target.


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