GPIF makes first investment in alternative investment fund in Japan, allocating 50 billion yen to real estate and data centers.

According to the Securities Times APP, the Japanese government's pension investment fund (GPIF) has for the first time independently chosen domestic alternative asset funds for investment. It will invest a total of 50 billion yen (approximately $340 million) in real estate and infrastructure projects represented by data centers, with 40 billion yen allocated to infrastructure funds and 10 billion yen to real estate funds. This move signifies that GPIF is no longer relying on asset management companies to select funds on its behalf.