London CIV committed €75million ($83.8 million) to Macquarie GIG Renewable Energy Fund 2, managed by Green Investment Group Management, a subsidiary of Macquarie Group.
The pool of 32 London local authority pension funds said on its website Thursday that the energy fund will be 100% focused on renewable energy with the majority of investments invested in wind and solar assets in Western Europe and other Organization for Economic Cooperation and Development countries.
"MGREF2 targets high-quality infrastructure assets, which deliver steady income yields, in a sustainable and responsible approach," Kevin Corrigan, interim CIO said in a news release.
The £14 billion ($18.3 billion) London CIV invests £399 million in infrastructure as of Oct. 31.
