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San Joaquin County pension fund commits $50m to BlackRock Global Infrastructure Fund IV
Investors - JANUARY 24, 2023

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San Joaquin County pension fund commits $50m to BlackRock Global Infrastructure Fund IV

by Kali Persall

The $3.7 billion San Joaquin County (Calif.) Employees' Retirement Association (SJCERA) has announced a $50 million commitment to BlackRock Global Infrastructure Fund IV, which raised $4.5 billion of investor commitments at its first closing in October 2022.

With a target of $7.5 billion, BlackRock Global Infrastructure Fund IV will invest in essential infrastructure assets globally, building on the strategy of BlackRock’s Global Energy & Power Infrastructure Funds. The vehicle will target investments across five sectors: energy and environmental, low-carbon power, regulated utilities, transportation and logistics, and digital infrastructure.

BlackRock Global Infrastructure Fund IV succeeds the Global Energy & Power Infrastructure Fund III, which held a final close of $5.1 billion in 2020.

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