Institution: Municipal Fire & Police Retirement System of Iowa
Headquarters: West Des Moines, United States
AUM: $2.9bn
Allocation to alternatives: 35.9%
Municipal Fire and Police Retirement System of Iowa has agreed to commit $30 million to Bain Capital Global Direct Lending 2021, according to minutes from the pension’s January 2021 board of trustees meeting.
The fund, managed by Boston-based Bain Capital, will seek to invest in mid-market direct-lending opportunities across North America, Europe and Australia.
As illustrated below, the $2.9 billion US public pension has a 2 percent current and target allocation to private debt.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: