Institution: Indiana Public Retirement System
Headquarters: Indianapolis, US
AUM: $36.42 billion
Allocation to alternatives: 19.4%
Indiana Public Retirement System approved $600 million-worth of private equity commitments at its June 2020 board meeting, a contact at the pension informed Private Equity International.
The commitments comprise $100 million to Vista Foundation Fund IV; $75 million to MBK Partners V; $100 million to HPS Specialty Loan Fund V; $75 million to New Mountain Strategic Equity Fund I; $25 million to New Mountain Strategic Equity Fund Co-Invest I; $75 million to Francisco Partners VI; $30 million to Francisco Partners Agility Fund II; and €110 million to CVC Capital Partners VIII.
The $36.42 billion US public pension has an 11.10 percent allocation to private equity as of 31 May 2020.
As illustrated below, INPRS’ most recent batch of eight private equity commitments have comprised six buyout funds, and one vehicle each pursuing co-investment and mezzanine strategies.
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