Iowa Public Employees to ramp up real estate investments in 2019

Iowa Public Employees Retirement System (IPERS) plans to accelerate its real estate investment programme next year.

According to a board meeting report, the pension fund is allocating $300m (€265m) to private real assets in 2019, most of which will go to real estate investments.

IPERS has only committed $40m to real estate strategies this year, and in 2017 it committed $100m.

At the end of June 2018, the $32.2bn pension fund had $1.99bn invested in private real assets, representing 6% of its total assets.

Some of the capital allocated for next year could be invested in farmland, but the majority will be invested in core real estate in the US.

The pension fund has four separate account managers for core real estate: Clarion Partners, Invesco Real Estate, DWS and UBS Realty Investors.

Related images

  • US City

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2572

    Asset class: High Yield Bonds.
    Asset region: Global.
    Size: $200m.
    Closing date: 2019-11-27.

  • QN-2573

    Asset class: Real Estate.
    Asset region: Global.
    Size: CHF 150m.
    Closing date: 2019-12-06.

Begin Your Search Now