Publications

Investors - MAY 19, 2015

Stanislaus County commits to infrastructure fund

by Zoë Wolff

The Stanislaus County (Calif.) Employees’ Retirement Association has committed $50 million to Morgan Stanley Infrastructure Partners II, according to recently released board meeting minutes.

The $1.8 billion pension fund made the commitment following an invitation-only search that was conducted in fall 2014. Investment consultant Strategic Investment Solutions assisted with the search.

The other finalist was KKR & Co.’s KKR Global Infrastructure Investors II. Rick Santos, executive director of StanCERA, says the pension fund considered splitting the commitment between the two funds, but “ultimately felt there would be less of an administrative and diligence burden by giving the entire $50 million to one manager.”

The investment comes following the creation of a 3 percent target allocation to infrastructure.


 

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy