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Iowa Public Employees' Retirement System
Iowa Public Employees' Retirement System (IPERS) was established in 1953. It is the largest public retirement system in Iowa and administers a cost-efficient...
Iowa Public Employees' Retirement System
Iowa Public Employees' Retirement System (IPERS) was established in 1953. It is the largest public retirement system in Iowa and administers a cost-efficient defined benefit pension plan. IPERS aims to attract and retain a quality workforce by serving approximately one in ten Iowans with secure lifetime pension benefits for teachers, city, county, and state employees.
General information
Firm type
Pension Fund
Year founded
1953
Location
Region
North America
Country
United States
City
Des Moines
Corporate office
7401 Register Drive, P.O. Box 9117, Des Moines, IA 50306-9117, United States
Principals
Gregory Samorajski
Chief Executive Officer
Sriram Lakshminarayanan
Chief Investment Officer
Bill Bemis
Chair of the IPERS Investment Board
Sector focus
Frequently asked questions
Who runs investment decisions at Iowa Public Employees' Retirement System?
Sriram Lakshminarayanan serves as Chief Investment Officer. The Investment Board chaired by Bill Bemis sets asset allocation policy.
How does Iowa Public Employees' Retirement System source proprietary deal flow?
IPERS commits to funds and separate accounts through established managers including Pathway Capital Management, Brookfield, and Stonepeak rather than originating direct deals.
Does Iowa Public Employees' Retirement System participate in fund commitments or only direct deals?
The system uses both fund commitments and separate account mandates. Private equity exposure runs through Pathway Private Equity Fund XXV and similar vehicles.
What investment stages does Iowa Public Employees' Retirement System typically target?
IPERS targets a diversified mix across public equities, core and core-plus real estate, infrastructure, timberland, farmland, and private equity buyout and growth strategies.
Where does the underlying wealth come from for Iowa Public Employees' Retirement System?
Assets derive from employer and employee contributions to the defined benefit plan plus investment returns on the trust fund.
Does Iowa Public Employees' Retirement System maintain philanthropic structures?
No separate philanthropic foundation is disclosed. The organization focuses solely on administering retirement benefits.
What is Iowa Public Employees' Retirement System's known posture on co-investments alongside external GPs?
IPERS endorses the ILPA Private Equity Principles and participates in co-investment opportunities within its private equity and real assets programs.
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