Fondo Pensione Eurofer, Rome, committed €25 million ($27.9 million) to the Macquarie European Infrastructure Fund 5, said a statement on the pension plan’s website.
The national pension plan for workers of the state railways in Italy announced the commitment in July. The defined contribution plan has €883 million in assets.
The statement said a search was initiated by Eurofer in March. It looked for a core equity infrastructure investment, with the intention of both diversifying the portfolio and achieving a liquidity premium.
Details on funding could not be learned by press time. Spokesmen for Eurofer could not be reached for comment.
Separately, Macquarie said it closed the fund with €4 billion of investor commitments. The fund closed within eight months of launch, and was “significantly oversubscribed,” said a news release Wednesday.
"A first and final close of MEIF5 shows the continued commitment of our clients to our disciplined, long-term approach to infrastructure investment,” said Mark Stanley, global head of Macquarie Infrastructure and Real Assets, in the release.
MEIF5 focuses on investment opportunities in utilities, transportation, communications infrastructure and renewable energy across Europe. The investment capacity of the fund will also be supported “by significant limited partner co-investment commitments,” said the release.
MIRA has €92 billion of assets under management.