Increasingly, global public investors including sovereign wealth funds are moving money into infrastructure investments. The low-yield sovereign fixed income environment is fastening this change. This illiquid asset class has the possibility of providing stable cash flow for the long-term haul. The California State Teachers’ Retirement System (CalSTRS) plans to invest US$ 500 million through Global Infrastructure Fund into infrastructure assets. CalSTRS is taking the approach of utilizing a manager first, and then seeks to invest on its own when the right time approaches. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content.
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