Committed: Indiana Pension Fund Sets Sights on Building Out Private Credit
ByThe Indiana Public Retirement System is laying the groundwork to take its roughly $25 billion pension pool into private credit funds for the first time, said a person familiar with the matter.
Board trustees approved an allocation shift that carves out 4% of the Indiana Public Retirement System’s defined benefit portfolio for private credit, the person said. Indiana previously only had exposure to private credit through an opportunistic debt portfolio, targeted to make up about 2% of its overall investment portfolio, and through which managers could deploy a portion of their mandates in illiquid debt, according to the person.
Indiana joins other investors that are creating dedicated allocations for private credit to bolster returns in a low-interest rate environment…
Committed: Indiana Pension Fund Sets Sights on Building Out Private Credit
