The Indiana Public Retirement System (IPRS) has committed $75 million to Lena Specialty Grocer Fund III, a vehicle of Longpoint Partners.
Lena Specialty Grocer Fund III is a closed-end, core-plus fund that aims to acquire grocery-anchored shopping centers throughout the United States. A fundraising goal has not been determined.
IPRS 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 and $3.9 billion in total real estate assets.
