Indiana Public Employees Retirement Fund, Indianapolis, is considering allocations to private equity and real estate. The $10.5 billion plan completed an asset-liability study that resulted in a new target asset allocation.
In the new mix, the plan could invest up to 2% of total assets in private equity and 3% in real estate, said William Butler, executive director.
Also, the plans target allocation to domestic equity will rise to 55% from 50%. The fixed-income allocation will drop to 35% from 40%. The 10% allocation to international equity will remain. Funding for private equity and real estate would come from the plans domestic equity and fixed-income portfolios, respectively.
Mr. Butler added searches for new managers would not begin before the third quarter.