Indiana Public Retirement System (INPRS) has disclosed approving a $150m (€142.5m) commitment to InfraVia’s recently closed fifth European infrastructure fund.

The $45.8bn pension fund revealed in a meeting document that it has backed InfraVia European Fund V, a core-plus which targets mid-market infrastructure assets in Europe. InfraVia closed the fund at its €5bn hard cap last month.

INPRS disclosed it has also committed $150m to Ardian Americas V, an infrastructure fund which mainly invests in North America as well as some South America opportunities. 

The Ardian fund issues mid-market size transactions in core-plus infrastructure companies.

INPRS made a $30m commitment to CenterSquare SFR Co-Investment Vehicle to invest in US single-family rental properties alongside CenterSquare Capital Management’s CenterSquare Value Add Fund V fund.

The CenterSquare Value Add Fund V fund invests in a variety of property types.

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