Cambridge (Mass.) Retirement System made a follow-on commitment of $10 million to IFM Global Infrastructure Fund, an open-end infrastructure fund managed by IFM Investors, said Chris Burns, deputy executive director.
The $1.4 billion pension fund issued an RFP in February. The retirement system's existing investment in the IFM Global Infrastructure Fund was $39 million as of March 31, the most recent data available.
The other finalists were J.P. Morgan Asset Management and Ullico.
Investment consultant Segal Marco Advisors assisted.
