Iowa Public Employees' Retirement System

About Iowa Public Employees' Retirement System

Iowa Public Employees' Retirement System is a public pension fund with an investment portfolio of $43.61 billion as of June 30, 2024, invested in private equity, real estate, infrastructure, real assets, natural resources, publicly traded equities and fixed-income securities. Returns for the 1 year, 3 years, 5 years and 10 years were 10.45%, 5.51%, 9.40% and 7.62%, against benchmark returns of 10.41%, 5.32%, 9.32% and 7.64%, respectively. On December 31, 2023, the private equity portfolio was valued at $223.7 million, or 0.53% of the total portfolio. Private equity investments include buyout, co-investment, fund of funds, mezzanine, private growth equity, distressed debt and venture capital fund strategies, diversified across geographical locations around the globe except Africa. IPERS currently prefers developed countries only and is open to any first-time fund investments. Its private equity selection carries two limits: a single direct co-investment may not exceed $15 million, and total direct co-investments may not exceed 10% of the IPERS private equity/debt portfolio on a cost basis at the time of investment. The executive management team governs the fund's investments, with Mr. Sriram Lakshminarayanan as Chief Investment Officer. Wilshire Associates is the LP Consultant.

Real estate mandate

Contacts at Iowa Public Employees' Retirement System