The $51.1 billion Teachers’ Retirement System of the State of Illinois has committed €200 million ($227 million) to European infrastructure, according to Dave Urbanek, director of communications for the pension fund.
Macquarie European Infrastructure Fund VI is managed by Macquarie Infrastructure and Real Assets, an infrastructure asset manager. The fund will invest in diversified infrastructure assets in Europe. Macquarie European Infrastructure Fund V, the fund’s predecessor, held a €4 billion ($4.5 billion) final close in 2016.
Illinois TRS has a target allocation to its real assets portfolio of 15 percent with an actual allocation of 12.4 percent. The real assets portfolio consists of core/value-add real estate, inflation-linked securities, targeted real assets and farmland/other.
