Japan's Pension Fund Association for Local Government Officials, also known as Chikyoren, said it has hired Pantheon Ventures and BlackRock to manage overseas infrastructure separately managed accounts.
The ¥23 trillion ($203 billion), Tokyo-based pension fund, in an announcement on its website Nov. 25, offered no further details.
Chikyoren provides manager specific investment mandate details once a year, each July, with the release of its annual report for the fiscal year ended March 31.
The latest hires lift the number of Chikyoren's alternative managers to roughly 40, even as the money those managers are dividing up remains fairly modest. As of March 31, when the ranks of Chikyoren's alternative managers exceeded 30, their combined assets under management came to ¥180.9 billion, or less than 1% of the fund's portfolio.