Strathclyde Pension Fund, Glasgow, Scotland, committed £30 million ($44 million) to infrastructure fund Equitix Fund IV, said investment committee documents.
The £15.4 billion pension fund’s investment committee approved the commitment at its meeting on Monday. Whether it is the pension fund’s first investment in a U.K. core infrastructure fund managed by Equitix could not be learned by press time.
The investment falls within the pension fund’s direct investments portfolio, giving the portfolio £639 million in total commitments.
Officials at the pension fund could not be reached by press time.