Indiana Public Retirement System (INPRS) is investing $150m (€132.7m) in film and television studios through Hackman Capital Partners.
INPRS disclosed in a meeting document that it has approved $100m into the Hackman Capital Partners Studio Fund and made a $50m commitment to the Hackman Capital Partners Studio Fund Co-Invest Sidecar.
Los Angeles-based Hackman Capital is a real estate investment and operating company known for commercial, industrial and studio properties. The firm’s portfolio of studio assets includes 16 studio facilities across North America and the UK.
The Studio Fund will be looking to acquire and upgrade studio and media assets primarily in California, New York and London.
Hackman Capital did not respond to a request for comment.
INPRS said it approved a $50m commitment to TA Realty Core Property Fund, an open-ended US fund targeting industrial, multifamily, office assets.
TA Realty declined a request for comment.
INPRS also said it has committed $50m to Asana Partners Fund III, the Asana Partners retail property fund seeking to raise $1bn and a $1.75bn hard cap for its fund.
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