The New Mexico Public Employees Retirement Association (PERA) has unveiled a $150 million top-up commitment to the KKR Diversified Core Infrastructure Fund (DCIF).
The open-end DCIF invests in core infrastructure assets globally in OECD countries.
PERA said in a June meeting document it views KKR as a “very strong diversified infrastructure manager with strong returns.” The pension fund disclosed it previously committed $100 million to the fund in both 2023 and 2024, representing an aggregate of $350 million invested.
In 2024, the pension fund committed $300 million across two commingled, core, open-ended infrastructure funds and one co-investment fund. As of Dec. 31, 2024, PERA was still around 3 percent under-allocated to infrastructure.
The pension fund expects 2025 to be another busy year of deployment into the infrastructure space, with a target of $325 million.
