NCRS invests $460m in infrastructure
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.