The $2.5 billion Stanislaus County (Calif.) Employees Retirement System (StanCERA) has committed a total of $80 million to two open-ended infrastructure funds, IREI has learned.
The pension fund invested $50 million in the IFM Global Infrastructure Fund and $30 million in the JPMorgan Infrastructure Investments Fund.
The open-ended IFM Global Infrastructure Fund, managed by IFM Investors, will invest in the energy, social infrastructure, transport, and water and wastewater sectors. The fund had raised more than $8.5 billion as of February, according to IREI’s FundTracker database.
In addition, the open-ended JPMorgan Infrastructure Investments Fund (IIF), managed by J.P. Morgan Asset Management invests in core and core-plus infrastructure assets within three broad sectors, which are distribution/regulated, contracted/power and GDP-sensitive.
Within each sector, IIF targets subsectors such as utilities for distribution/regulated (electricity, water, gas)
