Being ‘overweight’ in hotels helped real estate outperform other asset classes in $69 billion portfolio.
Adds $100 million to the $250 million commitment it made in 2018.
Nation lays out investment blueprints to hedge against slowing economy.
The majority were in renewable energy, and two were the largest deals in the space to date.
Pension officials hope more flexibility to invest in international infrastructure projects in developed countries will give the program more diversification and help results.
Effort seeks to ‘rebalance’ portfolio.
Platform will invest up to $1 billion in Colombian infrastructure projects and companies.
PSP Investments sells minority stakes in Forth Ports to Cbus, First State Super, and GLIL.
The program, however, represents just a little more than 1% of CalPERS’s AUM.
Canadian Pension Board, Allianz Capital Among First to Invest in Indian Private Infrastructure Trust
Project will see toll road development across four Indian states.