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NCRS invests $460m in infrastructure

by Andrea Waitrovich

The $83.1 billion North Carolina Retirement Systems has invested $460 million in infrastructure in the previous 12 months, according to its IMD Performance Review, dated Dec. 16, 2013.

NCRS invested $250 million in the EIG Energy Fund XVI, which is managed by EIG Asset Management; $200 million in Toronto-based Brookfield Asset Management’s Brookfield Infrastructure Fund II-B; and $10 million in Boston-based ArchLight Capital’s ArchLight Shore Co-Investments Holdings II.

These commitments are part of the pension fund’s inflation portfolio, which represents $2.5 billion, or 3.04 percent, of NCRS’s total assets under management as of Sept. 30, 2013. The retirement system’s target allocation to the asset class is 4.5 percent.

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