Institution: Indiana Public Retirement System
Headquarters: Indianapolis, United States
Allocation to alternatives: 19.0%
Indiana Public Retirement System has approved $500 million worth of private debt commitments, a contact at the pension informed Private Debt Investor. The commitments comprise of $100 million to KKR Real Estate Credit Opportunities II and $400 million across three separate accounts managed by Intermediate Capital Group.
$100 million apiece is being allocated to senior debt-focused and real estate lend and leasing-focused accounts respectively, with a final $200 million directed towards a revolving credit facilities-focused debt vehicle.
The $37.03 billion US public pension has a 0.9 percent allocation to private debt.
As illustrated below, the four aforementioned commitments are INPRS’ sole contributions to 2019-vintage private debt vehicles. The pension previously committed to three 2018-vintage vehicles, which combined constituted $390 million.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.