CalPERS and UBS Global Asset Management Team

California Public Employees' Retirement System ("CalPERS") and UBS Global Asset Management (Americas) have formed a strategic infrastructure partnership, Golden State Matterhorn ("GSM"), to pursue infrastructure investment opportunities across core, OECD markets.

According to a media release, 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.

CalPERS' Senior Portfolio Manager, Randall Mullan noted, "We are pleased to add UBS Global Asset Management to our roster of preferred partners as we expand our access to infrastructure assets across the globe."

Global Head of UBS Global Asset Management's Infrastructure and Private Equity business, Paul Moy, said, "We are delighted to be partnering with CalPERS, one of the world's pre-eminent institutional investors, for this important mandate. We share a common view of good infrastructure investment and the value-add and risk management activities associated with these investments. We are now working together to put this view into practice."

More information and complete details:

www.ubs.com/infrastructure-and-private-equity

www.calpers.ca.gov

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