U.S. pension fund California Public Employees' Retirement System is investing $764 million in an Asia Pacific infrastructure portfolio that will be managed by Australian investment company QIC Ltd.
May 25, 2015 at 08:28 AM
1 minute read
The original version of this story was published on Global Lawyer News
Morgan, Lewis & Bockius is advising U.S. pension fund California Public Employees’ Retirement System on a partnership with Australian investment company QIC Ltd. to invest in infrastructure in Asia Pacific.
The $764 million deal marks CalPERS’s first move into the infrastructure sector in the region. The pension fund currently serves 1.7 million members and has a total market value of $307 billion, including $2.1 billion worth of infrastructure assets.
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