Iowa Municipal Fire & Police Retirement System, West Des Moines, approved a follow-on commitment of $20 million to IFM Global Infrastructure Fund.
The $3.4 billion pension fund's board approved the commitment to the open-end infrastructure fund managed by IFM Investors at its meeting Thursday, said Carlton Chin, deputy chief investment officer, in an email.
The additional amount will bring the system's total committed to the IFM Investors fund to $100 million, Mr. Chin said.
The pension fund's target allocation to core infrastructure is 7%.
Investment consultant Marquette Associates assisted.
