DECEMBER 30, 2013

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Indiana commits $100 million to core debt fund

by Reg Clodfelter

The Indiana Public Retirement System has committed $100 million to Mesa West Core Lending Fund. Jodi O’Neill, communication manager for the pension fund, has confirmed the commitment.

Mesa West CLF is an open-end fund that opened in September 2012. The debt fund is solely focused on U.S. first-mortgage debt origination on property types including office, retail, multifamily, industrial and hospitality. The fund targets a net return of 7 percent to 8 percent. Other recent institutional investors in the fund include the Maine Public Employees Retirement System, which committed $100 million to the fund in April, and the Santa Barbara County (Calif.) Employees’ Retirement System, which committed $10 million to the fund in September.

INPRS has a total of $27.1 billion in assets under management. The pension fund has a current allocation to real estate of 5.5 percent and a target allocation of 7.5 percent.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy