California Public Employees’ Retirement System (CalPERS) and UBS Global Asset Management (Americas) Inc. (UBS” have formed a strategic infrastructure partnership, Golden State Matterhorn, LLC (GSM LLC), to pursue infrastructure investment opportunities across core, OECD markets. CalPERS and UBS have made capital commitments of USD 485 million and USD 15 million, respectively, to the partnership.
UBS will be the managing member and it will utilize the services of Infrastructure Asset Management (IAM), an investment area within UBS Global Asset Management’s Infrastructure and Private Equity business unit. IAM originates and manages direct investments in infrastructure assets globally on behalf of institutional investors from around the world. The team includes senior executives who have been active in the infrastructure and related sectors since the early 1990s. (Press Release)