North Dakota State Investment Board, Bismarck, approved a commitment of $140 million to ISQ Global Infrastructure Fund II, an infrastructure fund managed by I Squared Capital, said David Hunter, executive director and chief investment officer of the North Dakota Retirement and Investment Office, in an email.
The commitment was approved at the board's March 23 meeting. The board's infrastructure allocation as of June 30 was about 5%, according to its annual report.
The board posted a net return of 17.1% for its $5.7 billion pension trust for the year ended Dec. 31.
