INPRS approves $100 million in commitments

The US public pension has backed two North American real estate funds.

Institution: Indiana Public Retirement System
Headquarters: Indianapolis, United States
AUM: $35.09bn
Allocation to alternatives: 36.50%
Bitesize: $50-100m

Indiana Public Retirement System (INPRS) has agreed to commit $50 million to Rockpoint Real Estate Fund VI and $50 million to Asana Partners II, a contact at the pension informed PERE. Rockpoint’s fund focuses on opportunistic investments across a range of sectors, whereas Asana Partners’ fund is investing in value-add retail property.

The $35.09 billion US public pension has a 7.0 percent target allocation to private equity that currently stands at 6.10 percent.

As illustrated in the charts below, INPRS has made one other commitment to a real estate fund with a 2018 or 2019 vintage: $75 million to Blackstone Real Estate Partners IX in February 2019.

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