CalPERS Hits It Big with Infrastructure Returns
The program, however, represents just a little more than 1% of CalPERS’s AUM.
The program, however, represents just a little more than 1% of CalPERS’s AUM.
Project will see toll road development across four Indian states.
Move is part of a $3 billion inflation hedge.
Unlisted private, infrastructure investments barred by Ministry.
World’s largest pension fund adds infrastructure appointment, while global real estate fund-of-funds mandate announcements expected soon.
Emmanuel Jaclot will replace Macky Tall effective June 1.
Fund allocated 16% of its portfolio to infrastructure.
Move follows growing in-house management trend.
Pando to lead software development, IT infrastructure responsibilities.
Former infrastructure consultant, real estate consultant named as potential immediate replacements.
Sees strongest support from Japan, Korea, Canada, and Germany-based institutional investors.
Companies commit $550 million to fund focusing on infrastructure in Africa.
Managers see increase in negotiating leverage as investors flock to asset class.
Volume and value are halved year over year after sharp quarterly decline.
The fund exceeds its initial $1 billion target, demonstrating investor interest in renewables.