Ann Arbor Employees’ Commits $5M to Private Infrastructure

The Ann Arbor Employees’ Retirement System approved a $5 million commitment to BlackRock Global Renewable Power Fund IV, according to Minutes from the June 20th Board meeting.

This commitment represents a continued partnership for Ann Arbor Employees’, having previously allocated to BlackRock’s Global Renewable Power Infrastructure Fund III.

As of March 31, 2024, the $633 million pension fund allocates approximately 6.3% to infrastructure with a target of 7%. Existing managers in the funds infrastructure portfolio include JP Morgan.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!

Written By: Helen Bascom, Marketing Associate

Helen Bascom is a Marketing Associate at Dakota.

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