Pension funds approve infrastructure commitments
A number of U.S. public pension funds have made commitments to infrastructure managers.
The Dallas Police and Fire Pension Fund (DPFP) has approved a commitment to an infrastructure fund, according to a summary of an Aug. 8 board meeting. The pension fund has approved a $40 million commitment to the J.P. Morgan Asian Infrastructure and Related Resources Opportunity Fund II.
New York City–based J.P. Morgan Asset Management launched Asian Infrastructure and Related Resources Opportunity Fund II in April 2013 with a fundraising target of between $1 billion and $1.5 billion. The fund will invest in transportation, power generation, water and social infrastructure across China, India, Indonesia, the Philippines, Thailand and South Korea.
In addition, the $420 million Chicago Park Employees’ Annuity & B