CalPERS plans to invest $900 million in infrastructure funds and another $400 million in direct infrastructure investments this year, the investment committee of the $202.1 billion system was told today.

The California Public Employees' Retirement System's infrastructure program was originally approved as part of a 5% allocation in inflation-linked asset class investments in December 2007, but so far, only $220 million has been invested in infrastructure, according to a letter from infrastructure consultant Meketa Investment Group to the investment committee.

Currently, $4.84 billion is allocated by the Sacramento-based system to ILAC investments, which includes commodities, timber and inflation-linked bonds as well as infrastructure

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Posted by mopeng at March 15, 2010 2:52 PM