INPRS approves $175m in commitments

The US public pension has backed a trio of real estate vehicles.

Institution: Indiana Public Retirement System
Headquarters: Indianapolis, US
AUM: $36.42 billion
Allocation to alternatives: 19.4%

Indiana Public Retirement System confirmed $175 million-worth of real estate commitments at its June 2020 board meeting, a contact at the pension informed PERE.

The commitments comprise $75 million to Abacus Multi-Family Partners V; $50 million to Exeter Industrial Value Fund V; and $50 million to Related Real Estate Fund III.

The $36.42 billion US public pension has a 6.90 percent real estate allocation.

As illustrated below, INPRS’ real estate fund commitments tend to focus on North American vehicles targeting value-add returns.

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