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Philippines state pension manager GSIS invests USD300m in global infra fund

The Government Service Insurance System (GSIS), a state-run pension fund, has announced its plans to invest USD300m (PHP16.6bn) in a global infrastructure fund to diversify its asset portfolio and generate higher returns for its members and pensioners. GSIS president and general manager, Wick Veloso, recently signed an agreement with New York-based Global Infrastructure Partners (GIP), under which GSIS will invest in GIP's Emerging Markets Fund. GIP's Emerging Markets Fund specializes in equity under its global equity fund and primarily focuses on energy, transport, digital, water, and waste, among others. GIP is one of the world's largest infrastructure investors and manages USD87bn in assets on behalf of its global investor base. GSIS aims to widen its investment portfolio by pouring more resources into infrastructure projects, using its existing investment pool, estimated to be around PHP104bn.


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