PERF Boosts Private Equity Portfolio

Sep 21 2007 | 11:37am ET

The $16 billion Indiana Public Employees Retirement Fund recently committed a total of $75 million to four U.S. and European private equity funds.

The system made a $30 million commitment to Vista Equity Partners III, which has a target of $1.1 billion for a fund to invest in software and technology companies, and a $30 million pledge to Avenue Special Situations Fund V, which has a target of $4 billion for a fund to invest primarily in U.S. debt and equity of distressed companies.

Also, the system is committing up to €25 million (US$34.9 million) to Lion Capital Fund II, a €1.5 billion for a fund that invests in mid-size and large companies in Western Europe, and up to US$15 million to Arch Venture Fund VII.


In Depth

Q&A: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of