INPRS approves $275m in commitments

The US public pension has backed three private debt vehicles.

Institution: Indiana Public Retirement System
Headquarters: Indianapolis, United States
AUM: $38.43 billion
Allocation to alternatives: 18.2%

Indiana Public Retirement System confirmed $275 million-worth of private debt commitments at its September 2020 board meeting, a contact at the pension informed Private Debt Investor.

The commitments comprise $100 million apiece to Kayne Anderson Real Estate Opportunistic Debt II and Oaktree Opportunities Fund XI; alongside $75 million to GSO Capital Opportunities Fund IV.

The $38.43 billion US public pension has a 2 percent target allocation to private debt, which currently sits at 1.5 percent.

As illustrated below, INPRS’s private debt commitments tend to target global vehicles pursuing senior or distressed debt strategies.

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