Indiana Commits To Local Private Equity Funds

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.


In Depth

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.