The $201.2 billion New York State Common Retirement Fund has committed $400 million to KKR Global Infrastructure Investors III, according to a monthly transaction report on the website of Thomas DiNapoli, the state comptroller and sole trustee for the pension fund.
KKR Infra III will invest in a diversified portfolio of core/core-plus infrastructure assets primarily domiciled in OECD countries, according to the transaction report. KKR Infra III will seek to generate returns through both long-term capital appreciation and income generation.
The fund has also received a $150 million commitment from the Minnesota State Board of Investment and a $5 million commitment from the Merced County (Calif.) Employees’ Retirement Association.
