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- September 1, 2015: Vol. 8, Number 8

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U.S. pensions allocate to energy and infrastructure funds: From Colorado to Maine, institutional investors target infrastructure

by by Andrea Waitrovich and Zoe Wolff

The Denver Employees Retirement Plan has committed $40 million to Kayne Anderson Energy Fund VII, according to Randy Baum, CIO for the pension fund.

The fund was launched at the beginning of this year and focuses on high-growth exploration and production, midstream, and mineral and royalty interest companies in North America. The fund, managed by Kayne Anderson Capital Advisors, received a commitment earlier this year from the Orange County (Calif.) Employees Retirement System.

This is the $2.1 billion pension fund’s first commitment to a Kayne Anderson fund. The pension fund has a 5.5 percent target allocation to private energy, which is currently at 1.5 percent.

The $12.6 billion Maine Public Employees Retirement System, meanwhile, has committed up to $50 million to Carlyle Power Partners II. The fund, managed by The Carlyle Group, invests in power generation and other assets, primarily in North America. MainePERS previously committed $60 million

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