Indiana commits $150m to private equity

Two energy funds and two mega-funds have secured commitments from the $16bn pension.

The Indiana Public Employees’ Retirement Fund remains bullish on energy sector investments, having recently committed more than $100 million to energy-focused funds.

White Deer Energy, the debut fund from a firm headed by former president of First Reserve Ben Guill, received a $50 million commitment. The fund is targeting $750 million for investments in mid-sized oil and gas exploration and production companies, energy infrastructure and companies that service the oil and gas industry.

The pension also gave $40 million to Energy Capital Partners II, which is targeting $3.5 billion. Doug Kimmelman, Scott Helm and Thomas Lane, all Goldman Sachs alumni, founded Energy Capital Partners in 2005.

In July, the pension also made $10.8 million in secondary purchases of fund interests from oil and gas-focused private equity firm EnCap Investments.

The $16 billion pension also disclosed this month that it has committed $40 million to Hellman & Friedman’s seventh fund, which is targeting $10 billion, as well as $20 million to venture firm Oak Investment Partners’ Fund XIII, targeting $1.5 billion.