Searches and Hires

North Dakota commits $140 million to infrastructure fund

North Dakota State Investment Board, Bismarck, approved a $140 million commitment to Macquarie Infrastructure Partners IV, an infrastructure fund managed by Macquarie Investment Management.

The commitment was made at the board's Friday meeting, said David Hunter, executive director and chief investment officer of the North Dakota Retirement and Investment Office, in an email. The board's infrastructure allocation as of June 30, 2017, was about 5%, according to its most recent annual report.

The retirement and investment office oversees the $13.7 billion investment board, which includes the $5.7 billion pension trust and $2.2 billion insurance trust.