New York pension fund makes USD 750m commitment to GIP IV

24 January 2020 - 12:00 am UTC

The USD 210bn New York State Common Retirement Fund has committed a total of USD 750m to Global Infrastructure Partners IV (GIP IV) and its side vehicle, according to a monthly transaction report recently published by the pension fund.

The pension system committed USD 500m to the main fund. Another USD 250m went to GIP IV Co-Investment Renewables Sidecar, which will invest exclusively in renewable co-investment opportunities offered through GIP IV.

GIP IV wrapped up a USD 22bn fundraising in December, making it the world’s largest private infrastructure fund.

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