New Mexico Public Employees' Retirement Association invests in KKR infra fund
According to the website Mandate Pipeline, the Investment Committee at the New Mexico Public Employees' Retirement Association (NMPERA) approved a recommendation to invest up to $50 million in a global infrastructure fund offered by Kohlberg Kravis Roberts (KKR) at its Aug. 12 meeting.
Christina Keyes, portfolio manager-real returns at the $14.7 billion pension plan, said via email to Mandate Pipeline that the full Board has now to approve the final allocation to commit the funds to the KKR Global Infrastructure Investors Fund II,
KKR is trying to raise $2 billion for its KKR Global Infrastructure Investors Fund II. The fund seeks equity positions in brownfield economic and social assets with the scope to examine greenfield opportunities a global focus with a particular interest in the US and Europe.
The fund will primarily invest in renewable energy, pipelines, utilities and transportation-related assets.Cliffwater, LLC, an alternative investment consultant headquartered in California is assisting NMPERA with the potential investment.
Real assets investments are a sub-target of NMPERA's overall 18% target to alternatives.
Last month, the New Mexico Educational Retirement Board approved a new infrastructure commitment of $50 million to the ISQ Global Infrastructure Fund during its August 14 Investment Committee meeting. Before, in April, the New Mexico State Investment Council (NMSIC) announced an investment of $100 million in the energy private equity fund First Reserve Energy Infrastructure Fund II, L.P..
Country news
-
-
September 04, 2014
Maryland purple line light rail P3 project faces environmental lawsuit
Residents of a Washington suburb and an environmentalist association filed, on 28 August 2014, Read more -
September 05, 2014
Skanska General Counsel joins Orrick's Infrastructure Practice
Orrick, Herrington & Sutcliffe LLP announced today that Kenneth Schuhmacher, formerly General Counsel & Commercial Director of Skanska Infrastructure Development North America, has joined the firm as a partner in its Energy & Infrastructure Group, resident in New York. Prior to joining Skanska in 2012, Mr. Schuhmacher was a partner with Latham & Watkins in its Project Finance Group. Read more -
September 05, 2014
Florida's I-4 reaches Financial Close
I-4 Mobility Partners, the consortium selected as the preferred bidder for the I-4 Ultimate Project in Florida, USA, has achieved financial closure for the project. Read more -
September 09, 2014
Macquarie's MIRA hires ex-White House Director
Macquarie Group last week announced the hiring of former United States senior government official David Agnew into its Macquarie Infrastructure and Real Assets (MIRA) division as Managing Director, Government Affairs. Read more -
September 10, 2014
CalSTRS CIO announces consortium of U.S pension funds to invest in infrastructure
Online magazine Pensions & Investments announced yesterday that California State Teachers' Retirement System is developing a multibillion-dollar global syndicate for infrastructure investing. Read more
