NPS had formed a joint fund last year with China Investment Corporation (CIC), Queensland Investment Corporation (QIC) and other investors, targeting infrastructure that the Australian government plans to privatize.
The fund is being managed by New York-based Global Infrastructure Partners (GIP) which is one of major partners of the consortium formed to buy the leasing right of Australias busiest port.
The Port of Melbourne is the first investment of the joint fund.
The South Korean pension fund targets an annual return of about 10% on investments in Australian infrastructure.
