WSIB Votes to Approve Transportation, Infrastructure Fund Investment
Washington State pension system will commit up to $250
million.
Washington State pension system will commit up to $250
million.
System reducing pacing plans for two sectors – despite
strong gains from both.
System is looking to ramp up its activity in
infrastructure.
CIO Ronald Schmitz also expects private equity returns
to be a bit stronger than hoped.
CIO
Farouki Majeed sees benefits in switching away from hedge funds to private credit
and infrastructure.
Energy
storage startup raises $450M in Series E Financing
Canadian pensions to deploy +$90B towards transition,
decarbonization.
Study by KKR finds CIOs
are looking to increase exposure to illiquid investments but want ones
providing more upfront yields.
New asset
allocation strategy ups target to private equity to 15%, doubles target for
private credit to 10%.
allocation strategy ups target to private equity to 15%, doubles target for
private credit to 10%.
Plan also seeks to give leadership more authority to
approve fund investments, co-investments, and secondary transactions.