IPERS adds private credit firms, issues real asset credit RFP

The Iowa Public Employees' Retirement System (IPERS) Investment Board made key moves this month in hiring two new asset managers and deciding to retain Wilshire as its investment consultant.

Last week, trustees approved the hiring of Kartesia and ITE Management to manage opportunistic credit mandate totaling $250 million. The board originally considered the funds in June, but had kicked back the decision pending more information on manager fees.  

Kartesia will manage $150 million and agreed to a proposed reduction of all-in fees at a $100 million, $125 million and $150 million commitment levels . . .

Continue Reading

Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available. Research articles require an Annual sub.

Get started

Related Articles

Back to top button

Start Your Days in the Know


Get fresh alts intel in your inbox with our FREE newsletter!

You have Successfully Subscribed!