Indiana Public Retirement System Commits $592M to Alts

The Indiana Retirement System had made commitments totaling $592 million in alternative investments, according to the June 23 board meeting.

$125 million was committed to the private credit fund, Sixth Street TAO, managed by Sixth Street.

In private equity, $100 million was allocated to the buyout fund, New Mountain Partners VII, managed by New Mountain Capital. $80 million was allocated to the buyout fund, BlackFin Financial Services Fund IV, managed by BlackFin Capital Partners. $19 million was allocated to the Co-Investment equity fund, managed by Francisco Partners. Lastly, $118 million was allocated to the buyout fund, CVC Capital IX.

Within real estate, $50 million was allocated to Related Affordable Housing Fund, managed by Related Fund Management. In addition, $100 million was allocated to the real estate fund, Ambrose Fund IV, managed by Ambrose Property Group.

As of May 31, 2023, the pension fund was valued at approximately $39 billion.

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