The Indiana Public Retirement System (INPRS) has joined a number of U.S. pension funds in backing the Ardian Infrastructure Fund VI, managed by Ardian.
INPRS is investing $125 million for Ardian Infrastructure Fund VI, according to a recent commitment report. The pension fund joins the Employees Retirement System of Texas, the New York City Employee Retirement System, the Merced County (Calif.) Employees Retirement Association, the New Mexico State Investment Council and the Los Angeles County Employees Retirement Association as investors in the fund.
Ardian Infrastructure Fund VI primarily targets core-plus/value-added investments in energy, transportation and digital infrastructure, with a focus on European OECD countries. According to reports, Ardian is targeting €10 billion ($11 billion) for Fund VI.
The previous fund in the series, Ardian Infrastructure Fund V, held its
