INPRS approves $190m in commitments

The US public pension has backed two private debt vehicles.

Institution: Indiana Public Retirement System
Headquarters: Indianapolis, United States
AUM: $34.29bn
Allocation to alternatives: 36.70%

Indiana Public Retirement System (INPRS) has agreed to commit $190 million to two private debt vehicles, according to documents from the pension’s February Board meeting.

These commitments are made up of $90 million to Crescent European Specialty Lending II and $100 million to TSSP Adjacent Opportunities Partners. This $100 million commitment to TPG’s open-ended Adjacent Opportunities Partners fund is made up of two smaller commitments to the ‘B’ and ‘D’ sub-vehicles of the fund.

The $34.29 billion US public pension has a 0.40 percent current allocation to private debt.

As illustrated in the charts below, INPRS has made three commitments to private debt funds with a 2018 vintage which amount to a total of $390 million.

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