Indiana PRS Discloses $296M in PE, Real Estate, Infrastructure Investments

The Indiana Public Retirement System (INPRS) recently committed $296M across real estate, private equity, and infrastructure strategies, according to materials from its October 26 board of trustees meeting.

New allocations include $15M to KKR Project Campus, a real estate co-investment fund, $125M to Patient Square Equity Partners II for middle-market private equity buyouts, and an additional $31.25M to a Patient Square co-investment vehicle. INPRS also allocated $125M to Ardian Infrastructure Fund VI, a global private infrastructure fund.

The INPRS board also reviewed the system’s watch list, which currently includes managers across various asset classes: Baillie Gifford (public equity), PIMCO, Galliard Stable Value, and BlackRock (fixed income), TimesSquare and Altrinsic (public equity), and BNY (money market fund for defined contribution plans).

According to Dakota data, INPRS oversees approximately $53.2B in assets. As of September 30, the fund allocated 15.46% to private markets, 9.2% to real assets, and 6.44% to infrastructure.

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