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Management

Investment Managers

The Investment Board, with advice from its investment consultants and the IPERS staff, adopts investment policy and approves plans to implement the policy. These plans include contracting with various investment management firms.

Investment managers are selected through competitive hiring processes. The investment managers are given full discretion to manage IPERS’ investment account, within the terms of their contracts and applicable federal and state laws. IPERS' investment staff and consultants provide ongoing oversight of the investment managers and periodically report to the board on the managers’ performance.

The list below shows the names of the IPERS investment managers according to investment type:

Domestic Equity

International Equity

Core-Plus Fixed Income

BlackRock Institutional Trust
Company NA
San Francisco, CA

BlackRock Institutional Trust
Company NA

San Francisco, CA

BlackRock Financial
Management Inc.
New York, NY

BNY Mellon Asset Management North America Corp.
San Francisco, CA

BMO Asset Management Corp.
Chicago, IL

BNY Mellon Asset Management North America Corp.
San Francisco, CA

Fisher Investments
Woodside, CA

BNY Mellon Asset Management North America Corp.
San Francisco, CA

MacKay Shields LLC
New York, NY

Janus Capital Management LLC
Denver, CO

PanAgora Asset Management, Inc.
Boston, MA

PGIM Inc.
Newark, NJ

Wellington Management
Company LLP
Boston, MA

Principal Global Investors LLC
Des Moines, IA

 

TCW Asset Management Company LLC
Los Angeles, CA

Western Asset Management LLC
Pasadena, CA

Global Smart Beta Equity

Public Credit

Public Real Assets

UBS Asset Management (Americas) Inc.
New York, NY

Aegon USA Investment
Management LLC

Cedar Rapids, IA

BlackRock Institutional Trust
Company NA

San Francisco, CA

Oaktree Capital Management L.P.
Los Angeles, CA

CenterSquare Investment
Management Inc.

Plymouth Meeting, PA

PGIM Inc.
Newark, NJ

Harvest Fund Advisors LLC
Wayne, PA

State Street Global Advisors
Boston, MA

Private Equity/Debt

Private Credit

Private Real Assets

Pathway Capital Management LP
Irvine, CA

Blackstone Real Estate Debt Strategies Associates II LP
New York, NY

Clarion Partners
New York, NY

KKR Credit Advisors (US) LLC
San Francisco, CA

Forest Investment Associates LP
Atlanta, GA

Monroe Capital Private Credit Fund I LP
Chicago, IL

INVESCO Real Estate
Dallas, TX

PGIM Real Estate Global Debt LP
Newark, NJ

RREEF America LLC
Chicago, IL

Principal Real Estate Debt Fund LP
Des Moines, IA

UBS Farmland Investors LLC
Hartford, CT

Principal Real Estate Debt Fund II LP

UBS Realty Investors LLC
Hartford, CT

TCP Direct Lending Fund VIII-A LLC
Santa Monica, CA

Liquid Absolute Return Strategies

Transition Management

Berenberg Asset Management LLC
Hamburg

BlackRock Institutional Trust Company NA
San Francisco, CA

Fort LP
Chevy Chase, MD

Northern Trust Investments Inc.
Chicago, IL

Graham Capital Management LP
Rowayton, CT

Russell Investments Implementation Services LLC
Seattle, WA

IPM Informed Portfolio Management AB
Stockholm, Sweden

P/E Global LLC
Boston, MA

Wadhwani Asset Management LLP
London, United Kingdom

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