Rhode Island Invests $40M to Real Estate, Infrastructure

The Rhode Island State Pension has approved two commitments totalling $40 million to real estate and real assets according to meeting minutes.

In real assets, a commitment of $25 million was approved for the Stonepeak Infrastructure Fund V. The Retirement Fund has previously invested $140 million into Stonepeak funds beginning in 2016. 

In addition, a $15 million commitment to MCR Hospitality Fund IV was approved.

As of December 31, 2023, The Pension Fund had a market value of $10.8 billion.

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