Name: Iowa Public Employees’ Retirement System
HQ: Des Moines, United States
AUM: $40.83 billion
Allocation to alternatives: 31.71%
IPERS made the commitment in Q2 before the final close in May of the fourth iteration of Kayne Anderson’s flagship debt fund. The vehicle raised nearly $1.9 billion in capital commitments, marking the largest debt fundraise so far for the firm.
Founded in 1984, Kayne Anderson Capital Advisors is an independent alternative investment management firm focused on niche investing in upstream oil and gas companies, energy infrastructure, specialised real estate, mid-market credit and growth private equity.
IPERS has a 4 percent allocation to private debt, comprising $1.65 billion in capital.
As illustrated below, IPERS’ recent private debt commitments are focused on North American real estate debt vehicles.
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