New York State Common Retirement Fund (NYSCRF) is investing with Copenhagen Infrastructure Partners via the manager鈥檚 renewable-energy infrastructure fund.
The pension fund said it has made a 鈧�250m commitment to Copenhagen Infrastructure IV, a core-plus fund seeking to raise 鈧�5bn to 鈧�7bn of equity to fund up to 鈧�14bn worth of investments across North America, Western Europe, and developed Asia-Pacific markets.
NYSCRF has also approved a $300m (鈧�254.9m) commitment to the Blackstone BioMed Life Science Real Estate Partners fund.
鈥淥ur investment staff believes that life science office properties will generally outperform most other real estate sub-sectors over the medium to long-term. In addition, this investment helps to diversify the CRF鈥檚 more traditional office portfolio,鈥� the pension fund told 麻豆映画 Real Assets.
NYSCRF said since BioMed has a 鈥漵ubstantially pre-specified portfolio, this was not a concern, and the influx of capital seeking to enter the sector should only enhance the value of BioMed鈥檚 existing portfolio鈥�.
NYSCRF has in the past invested in Blackstone Real Estate Partners VIII, a fund that owned BioMed. It has also owned shares of Alexandria Real Estate Equities, a life-science office real estate investment trust.
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