Indiana Public Employees Retirement System (INPRS) made an addition commitment to six new alternative investment strategies during June and July totalling £600 million, according to a report by AlternativesWatch.
Indiana Public Employees Retirement System (INPRS) made an addition commitment to six new alternative investment strategies during June and July totalling £600 million, according to a report by AlternativesWatch.
The report cites an investment portfolio review delivered by the $43 billion retirement system’s board on 9 Sept as revealing that up to $350 million went to real assets with iCON Infrastructure Partners VI, Blackstone Real Estate Partners X, and ICG Sale Leaseback, all receiving $100 million.
INPRS also allocated $50 billion to the Bain Capital Real Estate Co-Invest Fund, which will invest in opportunistic real estate deals across the broader Bain Capital Real Estate platform.
A total of $250 million was allocated to private markets – $100 million to Pathlight Capital Fund III, and up to $150 million to Silicon Valley Bank Capital/SVB Innovation Credit Growth Fund IX.
INPRS also redeemed a total of $246 million from two multi-asset funds during the period, an $88 million multi-asset class account with King Street, and a $158 million multi-asset account with Hudson Bermuda Fund.
As of July 31, INPRS’ defined benefit fund portfolio was allocated as follows: public equity 14.5%; private markets 16.6%; fixed income (ex-inflation-linked) 13.2%; fixed income (inflation-linked) 14.6%; commodities 2.3%; real assets 8%; absolute return 7.9%; risk parity 20%; and cash 2.9%.
