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

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...