Indiana Public Retirement System puts $200m in Bain Capital, Digital Colony funds

The Indiana Public Retirement System (INPRS) has committed a total of $200 million to funds managed by Bain Capital Partners and Digital Colony.

INPRS allotted $100 million each for the value-add Bain Capital Real Estate Fund II and $100 million for Digital Colony II.

Bain Capital Real Estate Fund II was the third-largest fund to launch in the first quarter of 2021, according to IREI’s FundTracker database. The vehicle opened to investors in January with a fundraising target of $1.6 billion. The vehicle will focus on real estate segments, such as industrial, global logistics, life sciences and lab space, senior housing, affordable apartments, urban retail, and self-storage.

Digital Colony Partners II will invest in digital infrastructure assets, such as communication towers, fiber, small-cell and data centers. The vehicle has a $6 billion fundraising target, according to Data Center Knowledge.

A spokesperson from INPRS confirmed that these were first-ti