Louisiana State Police Retirement System, Baton Rouge, committed $30 million to IFM Global Infrastructure Fund.
The $1.1 billion pension fund’s board approved the commitment to the open-end infrastructure fund managed by IFM Investors at its Dec. 10 meeting, said Margaret Corley Michel, executive director.
It is the pension fund’s first infrastructure commitment, Michel said. The pension fund conducted a search earlier in 2024 after creating a new 5% target to the asset class. The other finalist was J.P. Morgan Asset Management.
Investment consultant Meketa Investment Group assisted.
