The University of California, through its UC Investments office, manages the endowment, pension, and other funds for the UC system. It is a large institutional investor with a long-term, diversified, and sustainability-focused approach to real assets, including infrastructure. UC Investments allocates capital globally, often through fund commitments and co-investments, prioritizing assets that offer diversification, inflation protection, and attractive risk-adjusted returns, with a strong emphasis on climate solutions and ESG principles.