The Public Employees Retirement Association of New Mexico (PERA) has committed $550 million to three real assets funds: KKR Diversified Core Infrastructure Fund, IDR Core Property Index Fund, and Stonepeak Core Fund with co-investment fund, NMPERA Malpais. These commitments were made on Oct. 31, according to PERA’s investment committee and board meeting audio.
The KKR Diversified Core Infrastructure Fund, managed by KKR, received $100 million and is an open-end, core infrastructure fund focused on diversified energy and renewable properties in Finland. With an open date of Dec. 30, 2020, this fund has raised $7.5 billion in total capital.
The IDR ODCE Index Fund, managed by IDR Investment Management, received $50 million. This fund is an open-end, core real estate fund, focusing on Central Business District (CBD) office, industrial, multifamily, retail, and self-storage properties in the United States. Since opening in 2018, this fund has raised $5.4 billion in total
