Business & Real Estate

CalPERS buys share of Indiana toll road

Traffic moves along the Indiana Toll Road in Mishawaka, Ind., during a potent winter storm in 2007.
Traffic moves along the Indiana Toll Road in Mishawaka, Ind., during a potent winter storm in 2007. AP

CalPERS added to its far-flung portfolio of infrastructure investments Wednesday, announcing it’s buying a portion of a company that operates a major toll highway in Indiana.

The California Public Employees’ Retirement System said it bought a 10 percent stake in the Indiana Toll Road Concession Co. from global fund manager IFM Investors. The concession company runs the 157-mile highway under a contract with the state of Indiana.

It’s CalPERS’ first U.S. transportation investment. Financial details weren’t released.

Dale Kasler: 916-321-1066, @dakasler

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