- Name: Indiana Public Retirement System
- HQ: Indianapolis, United States
- AUM: $44.89 billion
- Allocation to alternatives: 17.1%
Bregal Investments launched its fourth-series buyout vehicle in April 2022. In March 2020, a final close was held for the previous fund in the series, raising $1.5 billion and oversubscribed to its $1.35 billion target size. The Fund will invest in durable growth companies with high amounts of recurring revenue, focusing on generating risk-adjusted returns by providing flexible structured capital.
Indiana PRS currently allocates 12.8 percent of its investment portfolio to private equity, comprising of $5.75 billion in capital. The $44.89 billion public pension has an undisclosed target allocation to the asset class.
As illustrated below, Indiana PRS’ recent private equity commitments have tended to focus on North American buyout vehicles with a diversified investment portfolio.
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