The $154bn pension system will also work to decrease holdings in opportunistic and value-add investments and reduce leverage in the portfolio.
California Democratic Senator Barbara Boxer, who chairs the Environment and Public Works Committee, has proposed a two-year, $109bn transport bill to replace current legislation expiring on 30 September, while House Republicans led by John Mica (right) are suggesting a six-year, $230bn plan.
The $154bn pension system has presented a 2011-2012 business plan that includes a target of $300m to $600m for new infrastructure investments. The plan also recommends that CalSTRS hire an additional investment officer for the infrastructure team.
Carlyle had reportedly been in talks to acquire the New Jersey-based energy-focused firm, which closed on its $4.3bn second fund in 2010.
The $154bn pension system will review a private equity business plan next week that shows a focus on reducing costs by creating separate accounts and expanding the co-investment programme.
The real estate arm of Aberdeen Asset Management is looking to Sweden as the first in a country-by-country series of funds investing in residential property.
While asset allocation to private equity remains relatively low at 11%, half of those surveyed in a recent LPEQ and Scorpio Partners study plan to increase their holdings in the asset class in the next year.
What are the possibilities and limitations of the bond market as far as infrastructure investors are concerned? Spence Clunie of Ancala Partners and Anthony Forshaw of Deutsche Bank explore the question with reference to Moto, a deal they both worked on
The European Investment Bank is facing one of its most daunting challenges: creating a vibrant infrastructure bond market that will one day stand on its own two feet. The bank’s president, Philippe Maystadt, tells Bruno Alves why he’s itching to make this happen sooner rather than later
The Los Angeles-based real estate investment management firm has completed its purchase of ING Group’s global real estate securities business, ING Clarion Real Estate Securities. The deal forms part of its wider $940m acquisition of ING’s Real Estate Investment Management operations in Europe and Asia.