The $346 million Quincy (Mass.) Contributory Retirement System has committed up to $5 million to the Global Infrastructure Partners IV fund, managed by Global Infrastructure Partners (GIP).
Neither Quincy nor GIP could be reached to comment on the investment.
The GIP IV fund has raised $13.5 billion in capital commitments against a target of $20 billion, which it will seek to invest in the energy, transportation and wastewater infrastructure sectors.
Launched in April 2018, the fund also has received backing from the Connecticut Retirement Plans and Trust Funds, China Life Insurance Co., the Florida State Board of Administration, Teachers’ Retirement System of Louisiana, and the Texas Municipal Retirement System.
