The Municipal Fire & Police Retirement System of Iowa (MFPRSI) has committed $20 million to the IFM Global Infrastructure Fund, a spokesperson for the pension fund confirmed in an email.
Managed by IFM Investors, the evergreen IFM Global Infrastructure Fund will invest in the energy, social infrastructure, transport, and water and wastewater sectors. Pitchbook reports the fund invests between $750 million and $2 billion per transaction and is at a size of $19.7 billion.
MFPRSI has a 3 percent target allocation to infrastructure.
