IP
LP profile
Iowa Public Employees' Retirement System
Pension fund · Founded 1953 · Des Moines, United States
96
VC firms backed
$42B
AUM
~$840M
Allocated to VC (est. 2%)
01 · Background
Who Iowa Public Employees' Retirement System is.
- Historical Background
- The Iowa Legislature established the Iowa Public Employees' Retirement System (IPERS) in 1953. It was created to replace the Iowa Old Age and Survivor’s Insurance System (IOASI) and provide a retirement plan for public service workers.
- Source of Capital
- IPERS is a defined benefit pension plan funded by contributions from public employees and employers across the state of Iowa. The system's capital is derived from these contributions along with the investment returns generated on those assets.
- Allocation Strategy
- IPERS allocates capital across a diversified range of asset classes, including public equities, private equity, credit, real assets, and fixed income. The fund has a long-term target allocation of 13% to private equity and 8% to private credit. Geographically, the portfolio has a significant focus on U.S. markets, with a target of 77.5% allocated to domestic assets.
02 · Fund commitments
The funds Iowa Public Employees' Retirement System backs.
Iowa Public Employees' Retirement System is a limited partner in 96 funds. 19 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
New Enterprise Associates
#8 Power Law
Insight Partners
#23 Power Law
Battery Ventures
#54 Power Law
Matrix Partners
#58 Power Law
HV Capital
#62 Power Law
TCV
#67 Power Law
Menlo Ventures
#75 Power Law
IVP
#84 Power Law
Canaan
#103 Power Law
Mayfield
#134 Power Law
TPG
#158 Power Law
Summit Partners
#168 Power Law
Silver Lake Partners
#180 Power Law
Apax Partners
BC Partners
Candover Partners
Carlyle Cardinal Ireland - CCI
Chequers Capital
CVC Capital Partners
Exponent Private Equity
Hellman & Friedman
Montagu
Nordic Capital
NorthEdge Capital
03 · Allocation
How Iowa Public Employees' Retirement System’s fund book is spread.
The 96 funds Iowa Public Employees' Retirement System backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 8184%
- Europe 1516%
United States 80 · United Kingdom 10 · Canada 1 · France 1
How established those managers are
Managers grouped by how many funds they have raised — across the 69 of 96 with a fund history on record.
Emerging funds · 23
Established funds · 46
11
1
5
2
7
3
3
4
8
5-6
14
7-9
10
10-14
11
15+
Funds raised by the manager
04 · Other LPs
Other LPs.
Other pension funds in the Power Law LP ranking, closest to Iowa Public Employees' Retirement System by combined power-law score — North America first, then the nearest worldwide.
🏳️
Tennessee Consolidated Retirement System
$58B AUM
28 VC funds backed
🇺🇸
Bessemer Trust
$45B AUM
26 VC funds backed
🇺🇸
Lockheed Martin Master Retirement Trust
$24B AUM
37 VC funds backed
🇺🇸
BP Master Trust For Employee Pension Plans
$13B AUM
26 VC funds backed
🇺🇸
Co-Op Retirement Plan
$15B AUM
31 VC funds backed
🇺🇸
General Motors Hourly-Rate Employees Pension Plan
$54B AUM
12 VC funds backed
🇺🇸
Virginia Retirement System
$100B AUM
72 VC funds backed
🇺🇸
The Guardian Master Pension Plan Trust
29 VC funds backed