Indiana Public Retirement System, Indianapolis, announced commitments and investments totaling $568 million for its $42.3 billion defined benefit plan.
The retirement system announced the actions in materials for its Sept. 6 board meeting.
INPRS committed $200 million to Atalaya Special Opportunities Fund IX, a private credit fund managed by Atalaya Capital Management; $150 million to buyout fund Veritas Capital Fund IX; $100 million and $33 million, respectively, to Stellex Capital Partners III, a middle-market distressed and special opportunities fund, and Stellex Capital Partners III Co-Invest, its co-investment sidecar fund, both managed by Stellex Capital Management; $20 million to iCON Project Andromeda Co-Investment, an infrastructure co-investment fund managed by iCON Infrastructure; and $15 million to KKR Project Pearl, a real assets co-investment fund managed by KKR & Co.
The retirement system also disclosed a follow-on investment of $50 million in a U.S. middle-market direct lending separately managed account managed by Carlyle Group. INPRS originally invested $200 million into the account in 2018 and added an additional $150 million in 2021.
As of June 30, the pension plan’s actual allocations to private markets and real assets were 16.3% and 9.3%, respectively.
