Iowa Public Employees’ Increases Target to Private Equity, Real Assets

The Iowa Public Employees’ Retirement System (IPERS) has voted to amend the asset allocation targets, increasing private equity by 4% and real assets by 1%.

A press release from IPERS details the following changes to the policy targets made at the September board meeting:

• Decrease US Equity from 22% to 21%
• Decrease International Equity from 17.5% to 16.5%
• Increase Private Equity from 13% to 17%
• Decrease Core Plus Fixed Income from 20% to 19%
• Decrease Public Credit from 4% to 3%
• Increase Private Real Assets from 8.5% to 9.5%

As of June 30, 2022, IPERS has an actual allocation to private equity of 21% and an actual allocation to private real assets of 9%.

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