Sunday, 23 November 2014
Last updated 2 days ago
Apr 27 2007 | 12:31pm ET
The $16.4 billion Indiana Public Employees’ Retirement Fund recently committed a total of $60 million to three Indiana-related investment funds: CID Capital Opportunity Fund, Centerfield Capital Partners II and Hammond Kennedy Whitney Capital Partners III. In addition, the system has also made three direct investments totaling $18.2 million in Indiana businesses. All commitments and direct investments were made via the Indiana Investment Fund, which was launched last year in conjunction with Credit Suisse.
“When I developed the idea for this fund, this is exactly what I envisioned,” said PERF executive director David Adams. “In less than a year, the IIF has made significant new investments and commitments that will benefit our members while supporting the Indiana economy.”
The IIF includes two investment components: The first focuses approximately $60 million on direct investments in quality businesses, and the second component of approximately $40 million invests in Indiana-based private equity groups. In addition, the $50 million Fund A focuses exclusively on the Indiana-based private equity component of investments.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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