Iowa Public Employees' Retirement System

Iowa Public Employees' Retirement System (IPERS), established in 1953, is a government pension plan sponsor based in Des Moines, Iowa. It serves public employees within the state, offering retirement plans, benefits, and solutions. IPERS manages a $24 billion fund, investing globally in public equity, fixed income, real assets, private equity/debt, and private real assets. It engages in alternative investment strategies such as buyouts, distressed debt, real estate, and venture capital, committing up to $60 million per partnership with a net internal rate of return target of 15%. IPERS allocates 5% to 12% of its total assets to alternative investments and adheres to specific investment restrictions. Its mission is to provide secure, lifetime pension benefits for Iowans who choose careers in public service.