CalPERS is targeting a $5 billion commitment to infrastructure investments, Reuters reports. As part of the allocation, the pension fund will acquire direct stake in assets, including roads and airports. The target will be achieved over a multi-year period, said Christine Yokan, a portfolio manager at CalPERS. Currently, the scheme has $860 million allocated to infrastructure, mostly through private equity funds, such as the ones managed by Carlyle and Alinda.

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