The Government Service Insurance System (GSIS) said Tuesday it received a payout of $272 million (about P15.8 billion) from the Macquarie Asia Infrastructure Fund 2 (MAIF2), following the successful sale of the fund’s stake in AirTrunk, a leading data center operator in the region.
It said that with the latest cashflow, along with previous payouts from MAIF2, the pension fund now recouped more than its initial investment in the fund managed by the Macquarie Asset Management (MAM).
The GSIS teamed up with MAM in 2012, investing in the Philippine Investment Alliance for Infrastructure (PINAI) to support local infrastructure development. The pension fund later invested in MAM’s regional infrastructure funds in 2017 and 2021 to further diversify its portfolio and generate returns.
The GSIS said it maintains a prudent balance in its portfolio, with 70 percent allocated to low-risk assets for stability and a strategic portion in higher-yielding infrastructure investments to drive returns and support pension fund growth.
GSIS president and general manager Jose Arnulfo Veloso said the fund sees strong returns from its investments in infrastructure in the Philippines and around the Asian region, benefiting its more than two million members.
“We have a duty to invest prudently on behalf of our millions of hardworking government employees,” Veloso said.
“Our infrastructure investments through MAM’s funds have delivered excellent results, enhancing retirement security while supporting critical infrastructure,” he said.
The GSIS said it remains confident its diversified strategy focused on long-term stability would continue to deliver sustainable returns, securing members’ financial well-being.
