The investment board of the $40 billion Iowa Public Employees' Retirement System (IPERS) voted at its Sept. 22 meeting to amend the system's allocation plan, increasing the system’s allocations to private equity to 17% from 13% and private real assets to 9.5% from 8.5%.
IPERS' reviews its asset allocation plan annually. In 2021 the board did not change the plan. But in 2020, the board amended allocations in four asset classes, including increasing its private equity allocation from 11% to 13%.
"Private equity returned more than 68% and 23% in FY2021 . . .
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