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Worcester Retirement seeking infrastructure manager
trueWorcester (Mass.) Retirement System is searching for an infrastructure manager to run about $10 million to $15 million.
Washington commits $500 million to Global Infrastructure Partners
trueWashington State Investment Board on Thursday committed up to $500 million to Global Infrastructure Partners III.
Infrastructure management fees falling
trueAmong private infrastructure funds currently raising or those with a 2014/2015 vintage, 37% charge a management fee of 2%. That figure is down significantly from 2012/2013 vintage funds when 61% charged a management fee of 2% or more.
Equity shortage plagues partnerships
trueU.S. public pension funds looking to follow their peers in Canada, the U.K. and Australia into public-private infrastructure partnerships face yet another hurdle to direct investing.
3 Canadian pension funds acquire Chicago Skyway toll road for $2.8 billion
trueCanada Pension Plan Investment Board, Toronto, and Ontario’s two largest public provincial plans announced Friday that they had agreed to acquire the operator of the Chicago Skyway toll road for a combined $2.8 billion.
Pension fund consortium acquires Spanish infrastructure manager
trueThree pension funds and providers agreed to acquire Spanish infrastructure management company Globalvia Infraestructuras for up to €420 million ($462 million).
Conference speakers discuss opportunities for public-private infrastructure partnerships
trueThe Build America Transportation Investment Center has quietly helped shepherd $18 billion for 12 transportation infrastructure projects in the U.S. with half of them involving private investment.
BlackRock survey: 42% of insurers looking to pare equity holdings
trueForty-two percent of insurance companies said they are likely to decrease their equity investments over the next 12 to 24 months, a BlackRock survey found. The same percentage said they would maintain their equity exposure, while only 13% indicated they would increase allocations to stocks. Three ...
Trudeau's win could help Canadian infrastructure investing, supplemental plans
trueThe Oct. 19 victory by the Liberal Party in Canadian national elections could be a boost for infrastructure investments as well as a boon for a potential supplement to the country's national pension plan.
U.K. pension funds' infrastructure joint venture makes first commitment
trueA joint infrastructure venture by two U.K. pension funds has made its first investment, committing £60 million ($92.6 million) to Iona Capital to fund the construction and operation of British renewable energy assets.
Korea National Pension Service looking for infrastructure professional
trueKorea’s 500 trillion won ($426 billion) National Pension Service is looking to add a “senior associate” to its global infrastructure alternatives investment team in London.
U.K. chancellor maps out consolidation of local pension plans to help aid infrastructure
trueThe U.K. government plans to merge the 89 local government pension funds across England and Wales into six so-called British wealth funds, with an aim of both reducing costs and increasing investment in British infrastructure.
New York State Common earmarks $1.3 billion for 10 funds
trueNew York State Common Retirement Fund made 10 new commitments totaling about $1.3 billion.
New York City Retirement looking for infrastructure, real estate investment officers
trueNew York City comptroller’s office is seeking three investment professionals for its bureau of asset management, the unit that assists the five city pension funds in selecting investment managers and consultants and analyzing performance.
Quebec's Caisse enters into infrastructure joint venture with Mexican pension funds
trueCaisse de Depot et Placement du Quebec, Montreal, and a group of Mexican institutional investors created a co-investment platform that will invest up to C$2.8 billion ($2.12 billion) in Mexican infrastructure projects.