Universities Superannuation Scheme, Liverpool, England, committed €150 million ($205.7 million) in the form of a convertible bond loan to Globalvia Inversiones, a company that owns and operates infrastructure assets, a USS spokeswoman confirmed.
The £40 billion ($65.5 billion) pension fund's commitment was arranged by in-house investment manager and adviser USS Investment Management. USSIM's infrastructure team will manage the allocation.
Infrastructure investor Globalvia Infraestructuras SA formed its Globalvia Inversiones subsidiary in 2011, transferring to it selected road and rail infrastructure assets. Other investors that have committed to Globalvia Inversiones are Dutch fiduciary manager PGGM and the C$14.7 billion (US$13.8 billion) OPSEU Pension Trust, Toronto.
Globalvia Inversiones has a portfolio of 20 core infrastructure companies across seven countries.
