Real Assets
The asset allocation changes reflect the retirement system’s progress in moving toward its current long-term policy.
The pension plan recently hired three private debt managers as part of an ongoing search.
Macquarie Infrastructure Partners VI closes with over $8 billion in total commitments
The plan was informed of staff-delegated alternatives commitments totaling $1.5 billion at its board meeting last week.
The firm will manage an initial $150 million allocation for the fund.
Fund’s investors included a $1.3 billion commitment from the C$714.4 ($525.2) billion Canada Pension Plan Investment Board.
The retirement system added a new 10% target to the asset class in May.
The pension fund hopes to make a commitment in its infrastructure secondaries search this month after narrowing it to three firms.
The commitments include three new manager relationships for the pension plan.
The retirement system hired two firms to manage its 51% private markets portfolio.