Kentucky Public Pensions Authority (KPPA) is considering a $100 million investment in the ITE Rail Fund, a fund managed by Industrial Transportation Equipment, according to meeting materials from Dec. 19, 2024.
ITE Rail Fund is an open-end fund that will manage a portfolio of freight rail cars and related assets in the United States. It aims to capture current income and inflation exposure from railcar lease payments.
KPPA is a public pension that serves retirement benefits to local and state employees. As of June 30, 2024, it had $26.9 billion in total assets under management.
