Indiana Retirement makes $150m of real estate commitments
Investors - FEBRUARY 23, 2024

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Indiana Retirement makes $150m of real estate commitments

by Lewis Dayton

The Indiana Public Retirement System (INPRS) has made a $100 million commitment to Related Realty Fund IV and a $50 million commitment to an ICG Real Estate Co-investment vehicle.

Related Fund IV is a diversified, opportunistic real estate fund primarily making investments in the United States, while the ICG commitment is a co-investment opportunity made alongside ICG real estate investments.

INPRS has made investments in Related Real Estate Fund II and in Related Real Estate Fund III.

As of Dec. 31, 2023, 6.21 percent ($2.58 billion) of INPRS’s $41.5 billion portfolio was allocated toward real estate.

In 2023, INPRS’s real estate investments posted a net return of –6.59 percent, while over the past three-, five- and 10-year periods, real estate investments for INPRS have returned net annualized yields of 8.06 percent, 7.23 percent and 8.69 percent, respectively.

For more information about this commitment or other funds, please visit our IREI

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