Japan’s Government Pension Investment Fund (GPIF) has appointed EDHEC Infrastructure and Private Assets (EDHECinfra) to evaluate the fair value of its infrastructure portfolio.

EDHECinfra, a venture of EDHEC Business School, said its role is to analyse the fair value of investments in unlisted infrastructure equity with a focus on GPIF’s portfolio.

GPIF manages around JPY190 trillion ($1.32tr) in assets under management, investing in a globally diversified portfolio.

The fair value of private assets must be evaluated using the most updated market data so that investors can gauge risk and make accurate comparisons with other asset classes.

“The approach developed by EDHECinfra solves the usual problem of not having enough “comparables” of recent transactions and allows robust and precise market valuations of illiquid companies,” the company said in a statement.

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