Japan's ¥162.8 trillion ($1.53 trillion) Government Pension Investment Fund hired DBJ Asset Management Co. to manage a global infrastructure fund of funds, with a focus on opportunities in Japan.
Details on the size of DBJ's allocation weren't disclosed.
DBJ Asset Management, a Tokyo-based manager of private equity and real assets strategies with ¥818.5 billion in assets under management as of March 31, 2017, is the third global infrastructure fund-of-funds manager GPIF has hired this year.
The pension fund hired StepStone Group in January and Pantheon Ventures in late February in response to an RFP announced a year ago for a range of multimanager alternative strategies.
