Florida pension fund to receive infrastructure investors

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Florida pension fund to receive infrastructure investors

According to the online magazine Mandate Pipeline, the $800 million Florida-based Fort Lauderdale Police and Fire Retirement System disclosed last week that Brookfield Infrastructure Partners L.P.,Lazard Asset Management, and Industry Funds Management(IFM) will appear for Oct. 9 infrastructure presentations.

Executives from the pension fund said that presentations will be more educational than anything else. The pension fund does not have a clear strategy to invest in infrastructure but could consider it as part of its alternatives asset class.

The sources said that the firms would be invited by investment consultant CapTrust Advisors.

Fred Nesbitt, director of media relations for the plan said:

"Trustees just wanted to learn more about infrastructure as a sub-class investment category. Exact amounts or potential strategy targets have still yet to be determined."

The source comments that, as of March 31, special or alternative investments made up $109.7 million, or 15.06%, of the total fund.

Several days ago, Alaska Retirement Management Board committed $300 million total to two infrastructure funds: $200 million to IFM's Global Infrastructure Fund and $100 million to J.P. Morgan Infrastructure Investments Fund.

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