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Sign in Sign up for a FREE subscriptionIndiana Public Retirement System terminates real assets strategies
The Indiana Public Retirement System (INPRS) has terminated two strategies from its real assets portfolio, according to a recent investment report. The pension fund terminated $75 million from Mesa West and $106 million from the BlackRock / INPRS US Industrial REIT Index Separate Account.
The Mesa West strategy is an open-ended limited partnership organized primarily for the purpose of originating floating and fixed-rate first mortgage loans for institutional quality properties across the United States.
The BlackRock strategy is a passive, long-only strategy investing in U.S. publicly traded industrial-only real estate securities seeking to achieve benchmark performance results with minimal tracking error.
INPRS first invested in the Mesa West strategy in 2017 and in BlackRock in 2016.
