Rhode Island State Investment Commission, Providence, approved a commitment of up to $100 million to KKR Diversified Core Infrastructure Fund for the $10 billion Rhode Island Employees' Retirement System.
The commission approved the commitment to the open-end infrastructure fund managed by KKR & Co. at its May 21 meeting, recently released meeting minutes show.
As of April 30, the pension fund's actual allocation to private infrastructure was 2.4%.
Rosie Hilmer, spokeswoman for state Treasurer Seth Magaziner, who oversees the commission, could not be immediately reached for further information.
