May 19, 2017
Publicly Listed Infrastructure Equity and/or Debt and
Publicly Listed Infrastructure Equity and/or Debt and
Unlisted Infrastructure Equity and/or Debt Search
On February 1, 2017, IMRF requested proposals from investment management firms offering diversified Global and/or North American multi-sector (two or more sectors) focused infrastructure products. Responses were due no later than February 17, 2017. The Quiet Period for this process is the period of time beginning when the RFP was issued and ends when a selection has been made by the IMRF Board of Trustees or the process is declared to be complete. The Quiet Period for this search ended May 19, 2017.
After evaluating the responding firms/strategies on people, process, performance, price, and other considerations, the IMRF Board of Trustees approved the following:
- Allocation of $300 million to Cohen & Steers, subject to satisfactory legal due diligence
- Allocation of $150 million to Brookfield, subject to satisfactory legal due diligence
- Up to $100 million commitment to Oaktree Transportation and Energy Infrastructure Fund (Parallel), L.P., subject to satisfactory legal due diligence
- Up to $100 million commitment to Partners Group Direct Infrastructure 2016 (USD) A, L.P., subject to satisfactory legal due diligence