GLOBAL - PGGM, the Canadian Public Sector Pension Investment Board (PSP Investments) and Retirement Benefits Fund Board of Tasmania (RBF) have committed to infrastructure in two separate deals led by Australian consortia.
RBF, the largest public sector pension fund in Tasmania, said: "This investment will provide a unique opportunity for RBF to invest in Tasmania's premier transport asset."
The state fund has around AUS$3.5bn (US$3bn) in assets under management.
Dutch pension fund PGGM owns 9% and PSP Investments 20% of Myria Acquisition Inc, the company which has taken an 80% stake in MidCon LLC, which this week acquired Natural Gas Pipeline Company of America (NGPL).
No financial data relating to the deal has been released.
PGGM today confirmed it now holds an internal infrastructure mandate of €1.5bn (US$2.2bn) out of its total assets under management of €88bn (US$129.2bn).
As one of North America's largest gas pipelines, NGPL's estimated enterprise value stood at AUS$7.6bn (US$6.7bn) when the transaction was agreed.
The consortium to take over NGPL was lead by Babcock & Brown, which took an overall 32% stake in the pipeline company.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.
Over two years since the collapse of the high street giant, BHS pension scheme members will be able to put their anxieties to rest thanks to a bulk annuity deal. James Phillips explores the detail.