The Indiana Public Retirement System committed $100 million toward ICG Real Estate Opportunities Fund (ICG REOF) in September and $50 million toward Longpoint Fund III in August, recent meeting documents show.
Managed by ICG Real Estate, ICG REOF invests primarily in distribution and industrials, living and alternatives sectors in France, Germany and the United Kingdom. The fund targets value-add and opportunistic investments between €50 million ($53.1 million) and €150 million ($159.2 million) of equity.
Longpoint Fund III, managed by Longpoint Realty Partners, closed in October with $940 million of commitments, surpassing its original target of $750 million. The fund will invest in urban logistics properties located in densely populated U.S. markets with positive long-term characteristics.
