Japan’s $1.44 trillion Government Pension Investment Fund, the world's largest pension fund, has appointed DBJ Asset Management as its new fund-of-funds investment manager for its core strategy.
The new position follows the RFP launched in April 2017 to implement an alternative investments "multi-manager" strategy for this asset class through a fund of funds to pursue fund investments and co-investments, mainly focusing on opportunities in Japan.
GPIF has been active in awarding infrastructure mandates. In December 2017, GPIF announced that Mitsubishi UFJ Trust and Banking Corp. became its new investment manager to implement alternative investments through a fund-of-funds real estate mandate, mainly a domestic core strategy.
In January, GPIF appointed a new fund-of-funds manager for its global infrastructure mandate. GPIF awarded the core strategy mandate to StepStone Infrastructure & Real Assets, and has appointed Sumitomo Mitsui Asset Management Co. as gatekeeper.
In February, GPIF announced its second appointment, Pantheon, as fund-of-funds manager to pursue global infrastructure fund investments and co-investments for the core strategy, and Nomura Asset Management Co., as its gatekeeper.
