Friday, November 18, 2016
Investment Committee approves Infrastructure mandates
At its regular meeting on November 17, 2016, the Investment Committee approved a staff recommendation to approve a commitment of $130 million to Argo Infrastructure Partners. The Committee also approved a commitment of $130 million to a custom BlackRock Global Renewable Power Fund II platform. Both investment mandates are subject to additional due diligence.
The approval of the two mandates would complete the 2 percent of total portfolio target level now pending for infrastructure, a specific component within OCERSí broader Real Assets category.
As of September 30, 2016, OCERSí total fund was more than $13 billion.
The next Investment Committee meeting will be held at 9 a.m. on Wednesday, December 14, 2016. OCERSí Board of Retirement will meet at 9 a.m. on Monday, December 19, 2016.