Iowa Public Employees’ Retirement System (PERS) has plans to commit up to $1 billion in 2025 to private real assets, including real estate and infrastructure, according to board meeting materials.
PERS plans to commit up to $400 million to real estate, including recycled real estate sales proceeds, mandates for triple-net lease and value-add real estate investment, as well as a potential new allocation to core real estate managers.
The retirement system also will commit up to $500 million to other real assets, including on-boarding infrastructure mandates. In addition, PERS is planning to invest up to $100 million in co-investments, and it is anticipating about five deals at $20 million each.
