INPRS makes $50m real estate commitment

Indiana Public Retirement System has invested in a new fund focused on grocery-focused retail centers in major US hubs.

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Name: Indiana Public Retirement System
Headquarters: Indianapolis, US
AUM: $46.01 billion
Allocation to alternatives: 24.2%

Indiana Public Retirement System committed $50 million to Longpoint Specialty Grocer Fund I in February 2023.

Longpoint Realty‘s new core-plus strategy will invest in specialty grocery-focused retail centers in major US hubs. The 2022 vintage fund closed in March 2023 on $225 million.

INPRS allocates 7 percent of its investment portfolio into real assets, amounting to $3.22 billion in capital.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.