Plymouth County (Mass.) Retirement Association committed $10 million to Global Infrastructure Partners V.
The $1.3 billion pension fund's board approved the commitment to the closed-end infrastructure fund at its Oct. 31 meeting, recently released meeting minutes show.
The pension fund issued an RFP in July seeking proposals from infrastructure managers offering open-end or closed-end funds.
The board on Oct. 31 also approved redeeming $10 million from its $75 million investment in an open-end infrastructure fund managed by IFM Investors.
As of Oct. 31, the pension fund's actual allocation to real assets was 9.4%; the target is 6%.
Investment consultant Meketa Investment Group assisted.
