Indiana Public Retirement System slates $100m for ICG Sale Leaseback fund

The Indiana Public Retirement System (INPRS) has committed $100 million to ICG Sale Leaseback, managed by Intermediate Capital Group (ICG), a recent investment report shows.

The ICG Sale Leaseback vehicle will focus on acquiring “operationally or mission-critical” real estate that is core to the lessee's business or its occupational market and lease the asset back to the company.

ICG will primarily work with European tenants in industries with favorable long-term outlooks, according to INPRS’ meeting materials.

For more information about this commitment or others, check out the IREI.Q database.