News & Analysis

IPERS sets out 2020 private debt portfolio plans

The US public pension will commit over $270m to Monroe Capital to make up for its underweight allocation to the asset class.

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Institution: Iowa Public Employees’ Retirement System
Headquarters: Des Moines, United States
AUM: $34.86bn
Allocation to alternatives: 22.10%

Iowa Public Employees’ Retirement System has outlined its private debt portfolio plans for calendar year 2020, according to documents seen by Private Debt Investor. The pension will set aside $272 million in commitments to the asset class to address its current target allocation shortfall.

The $34.86 billion US public pension has a 3.0 percent target allocation to private debt which stood at 2.07 percent as of November 2019.

IPERS’ $272 million commitment will be made to Monroe Capital; a firm which manages around a third of the pension’s total private debt portfolio.

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