Cezary Podkul

The Boston-based energy investor has indicated in a regulatory filing that it has raised that much for its latest fund, which is targeting $2bn in total commitments.

The $5.1bn San Diego City Employees’ Retirement System is searching for a consultant to roll out its 3% allocation to infrastructure, which translates to about $150m for the asset class.

The firm has hired former Goldman executive Tim Vincent ahead of an expected final close on its infrastructure fund on more than $1bn.

The asset class is seeing funds come to market with dedicated allocations to secondaries, such as funds-of-funds recently closed by Partners Group and Pantheon. A €500m block of infrastructure fund interests currently up for sale also indicates dealflow is picking up sharply.

The mid-market firm had expected US stimulus dollars would boost its investment in D.S. Brown but saw 'very little benefit' from the stimulus. Still, revenues rose 35% over its investment period.

Private equity firms have a role to play in infrastructure. They might just have to tweak some of the ways they do business, argues Cezary Podkul.

CalPERS wants to build its infrastructure portfolio with 'like-minded partners', according to Christine Yokan, portfolio manager at the $226.3bn pension.

Senior managing directors Michael Dorrell (pictured) and Trent Vichie will form an independent shop that will continue fundraising and retain about $400m in existing commitments.

The portfolio returned 26.7% in 2010, beating every other asset class. La Caisse de Dépôt et Placement du Québec also cut C$6.7bn of debt from infrastructure and private equity in 2010.

Richard Anthony, head of Evercore Partners Private Funds Group, believes many fund managers will have to slash their fundraising targets.