Investors - MARCH 14, 2013

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

Sign in Sign up for a FREE subscription

Indiana Public Retirement System invests $100 million in core fund

by Andrea Waitrovich

The $27.1 billion Indiana Public Retirement System (INPRS) has committed $100 million to H/2 Core Real Estate Debt Fund, an open-end fund managed by H/2 Credit Manager. The vehicle raised $475 million in equity commitments, according to a February filing with the Securities and Exchange Commission. This is not the firm’s first investment with H/2 Credit Manager.

INPRS has a target allocation to real estate of 7.5 percent, and the retirement system had an actual allocation of 4.7 percent, or $919.5 million, as of June 2012. Real estate was one of the top-performing major asset classes in the INPRS portfolio at the start of fiscal year 2012.

INPRS’ real estate portfolio mostly comprises investments in private real estate partnerships, and the und

Forgot your username or password?