The Pennsylvania Treasury Department announced an investment of $25 million in real assets, according to a news release published February 20th by the PA Treasurer's Office.
$25 million was allocated to the Ullico Infrastructure Fund. The fund will aim to invest at least $50 million in PA infrastructure projects over the next four years.
This is a new relationship for the fund.
Prior to this investment, the only manager in the fund’s infrastructure portfolio was State Street Global Advisors.
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