Indiana Public Retirement System (INPRS) has approved $300m (€254.1m) worth of new real estate and infrastructure commitments.
The pension fund disclosed in a meeting document that as part of its value-add strategy, it has placed $100m into Bain Capital Real Estate Fund II, a fund expected to mostly target US real estate. As previously reported, Fund II is seeking to raise $1.6bn capital.
INPRS has also made a $100m commitment to Digital Colony II, a fund that invests in operating companies that hold digital assets.
The pension fund has placed $100m into the KKR Diversified Core Infrastructure Fund, an open-ended fund hoping to raise up to $5bn in the coming years.
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