Indiana Public Retirement System Commits $360M to Alts
Written by: John Washington, Data Research Analyst
The Indiana Public Retirement System had made commitments of up to $360 million in alternative investments, disclosed at the May board meeting.
$50 million was committed to the real estate fund, Longpoint Realty Specialty Grocer, managed by Longpoint Realty Partners.
In real assets, $160 million was allocated to three infrastructure funds managed by KKR & Co. $100 million was allocated to KKR Diversified Core Infrastructure Fund. In addition, $50 million was allocated to KKR Diversified Core Infrastructure Fund Co-Invest. Lastly, $10 million was allocated to KKR Project Quartz Co-Investment.
In addition, $150 million was committed to the private credit fund, Ares Pathfinder II Fund, managed by Ares Capital Management.
As of March 31, 2023, the retirement fund was valued at approximately $46 billion.
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