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

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...