The $860 million Tucson (Ariz.) Supplemental Retirement System has plans to invest $43 million in an open-end infrastructure fund managed by IFM Investors.
IFM’s open-end Global Infrastructure Fund targets core-like infrastructure assets globally, though it specifically focuses on developed markets around the world such as Australia, Europe and the United States.
Other institutional investors that have invested in the fund include the $3.2 billion Oklahoma Firefighters Pension and & Retirement System and the $630 million Knoxville (Tenn.) City Employees' Pension Fund.
