Leicestershire County Council Pension Fund has allocated £70m to two global infrastructure funds managed by Kohlberg Kravis Roberts and Industry Funds Management.
International investors are buying record amounts of UK government bonds as the Bank of England's £75bn QE programme spurs demand, with the yield on the 10-year gilt hitting a new record low.
Ministers and pension scheme representatives are set to meet every fortnight over the next three months to plot a course to boost funding in UK infrastructure.
Ministers have outlined their plans for the future of the local government pension scheme after employers and unions brokered a framework agreement on how to implement Lord Hutton's reforms.
Jack Jones investigates asset-backed contributions
Andrew Short asks if plans to get additional investment in infrastructure, announced in George Osborne's autumn statement, will be attractive to UK pension schemes or a bridge too far?
The pensions industry has cautiously welcomed the Chancellor's autumn statement.
The Chancellor has confirmed he will unlock £20bn of pension fund assets to invest in infrastructure in a bid to "overhaul the physical transport infrastructure of our nation".
The National Association of Pension Funds and the Pension Protection Fund have signed a deal with the government to develop a national infrastructure investment platform.