The Indiana Public Retirement System (INPRS) has committed $100 million to Carlyle Property Investors and received a $132 million redemption fund from Blackstone Property Partners, according to meeting materials from early May.
Carlyle Property Investors, a vehicle of The Carlyle Group, received $100 million. This program is an open-end, core-plus fund that targets real estate assets in the United States, with 30 percent of the fund’s capital deployed in the East, 20 percent in the South and 30 percent in the West.
INPRS received a redemption of $132 million from Blackstone, after the investment produced negative annualized returns in recent quarters.
INPRS is a public pension fund with $44.9 billion in total assets under management, as of March 31, 2024. As of then, it had a 10 percent real estate allocation target with $3.9 billion in total real estate assets.
Note: The Blackstone redemption was previously reported as an allocation. That has been corr
