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Indiana Public Retirement System commits $450m to PE

The US pension fund backs commits $150m to Hellman & Friedman Capital Partners XI and $300m to a custom fund-of-one vehicle managed by HarbourVest Partners.

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Name: Indiana Public Retirement System
Headquarters: Indianapolis, US
AUM: $46.34 billion
Allocation to alternatives: 27%

Indiana Public Retirement System has allocated $450 million to two private equity vehicles, according to recent meeting materials.

The public pension committed $150 million to Hellman & Friedman Capital Partners XI and $300 million to a custom fund of one vehicle managed by HarbourVest Partners.

Hellman & Friedman‘s 11th flagship buyout fund seeks to acquire mainly high-value North American and western European businesses. HarbourVest’s separate managed account will target early-stage venture capital.

Indiana PRS allocated 12.5 percent of its total portfolio to private equity, amounting to $5.79 billion in capital.

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