Indiana Public Retirement System invests $150m in Blackstone, Bain Capital

The Indiana Public Retirement System (INPRS) has placed $150 million in opportunistic real estate funds, according to a Sept. 9 investment report.

The pension fund committed $100 million to Blackstone Real Estate Partners X (BREP X) and $50 million to Bain Capital Real Estate Co-Invest Fund on behalf of its real assets allocation.

BREP X will make diversified investments in opportunistic real estate and real estate-related investments primarily in the United States and Canada. The fund will construct a diversified portfolio of real estate and real estate–related assets globally. In July, the fund surpassed $24.1 billion on its way to reaching an estimated target of $30.3 billion when it is finalized, according to The Wall Street Journal.

Bain Capital Real Estate Co-Invest Fund will invest in opportunistic real estate deals across the broader Bain Capital Real Estate platform.

For more information about these commitments or others, visit the