Indiana Public Retirement System Commits $592M to Alts
Written by: Koncheng Moua, Director of Data Management and Strategy
The Indiana Retirement System had made commitments totaling $592 million in alternative investments, according to the June 23 board meeting.
$125 million was committed to the private credit fund, Sixth Street TAO, managed by Sixth Street.
In private equity, $100 million was allocated to the buyout fund, New Mountain Partners VII, managed by New Mountain Capital. $80 million was allocated to the buyout fund, BlackFin Financial Services Fund IV, managed by BlackFin Capital Partners. $19 million was allocated to the Co-Investment equity fund, managed by Francisco Partners. Lastly, $118 million was allocated to the buyout fund, CVC Capital IX.
Within real estate, $50 million was allocated to Related Affordable Housing Fund, managed by Related Fund Management. In addition, $100 million was allocated to the real estate fund, Ambrose Fund IV, managed by Ambrose Property Group.
As of May 31, 2023, the pension fund was valued at approximately $39 billion.
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