The $68.1 billion Virginia Retirement System has committed €60 million ($70.5 million) to Icon Infrastructure IV, according to Jeanne Chenault, public relations director. The pension fund made the commitment on June 29.
Icon Infrastructure IV recently closed in June, raising €1.2 billion ($1.4 billion) after just three months of marketing. It will continue iCON Infrastructure’s successful strategy of investing in mid-sized infrastructure assets in core infrastructure sectors in both Europe and North America.
Through its three previous funds, iCON Infrastructure has acquired a diversified portfolio of 17 different companies, across a number of infrastructure sectors including water, transportation and energy generation, distribution and storage.
The capital for iCON IV was raised from a diversified group of 47 leading pension funds, asset managers, sovereign wealth funds and insurance companies from Europe, North America, the Middle East and Asia.
In additional investments in infrastructure, Virginia Retirement System previously committed $200 million to Global Infrastructure Partners III, a core-plus fund that invests in large-scale infrastructure assets globally.
