Thursday, April 26, 2012

Reuters: Mergers News: Pension funds kick off world's largest infrastructure fund

Reuters: Mergers News
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Pension funds kick off world's largest infrastructure fund
Apr 26th 2012, 20:06

April 26 | Thu Apr 26, 2012 4:06pm EDT

April 26 (Reuters) - One of Canada's largest pension plans teamed up on Thursday with Japan's pension funds and some of its major conglomerates to help raise $20 billion in what would be the world's largest infrastructure fund.

Ontario Municipal Employees Retirement System said it had committed a total of $7.5 billion together with Japan's Pension Fund Association and a consortium led by Mitsubishi Corporation , Japan's largest trading house, towards the fund.

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