INPRS commits $100m to Pathlight

The US-based public pension has confirmed $100m in commitments to Pathlight's third fund series.

  • Name: Indiana Public Retirement System
  • HQ: Indianapolis, US
  • AUM: $45.28 billion
  • Allocation to Private Equity: 12.8%

Indiana Public Retirement System has approved a $100 million commitment to Pathlight Capital Fund III, according to Board of Trustees meeting earlier this month.

Pathlight Capital Fund III seeks to lend to companies, not typically serviced by direct lending funds through unique terms that give it better custody and payback terms than usual with these asset secured loans. The team occupies this niche space and leverages their relationships with bankers and companies to find these attractive terms.

Indiana has an established investment relationship with Pathlight Capital. It has previously committed to Fund III’s predecessors, Fund I and II.

INPRS currently allocates 12.8 percent of its investment portfolio to private equity. The $45.28 billion public pension recent fund commitments have been predominately based in North America.

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