Indiana Pension Commits To Four Private Equity Funds

Dec 6 2006 | 5:00pm ET

Indiana's Public Employees' Retirement Fund recently made four private equity commitments totaling $205 million, according to the pension system.

In August, PERF's board of trustees increased the fund's alternatives allocation to 15% in an effort to manage risk and further diversify its assets into areas beyond stocks and bonds. The latest commitments include:

  • $30 million to the Oaktree Asia Principal Opportunities Fund, LP, which will focus on acquiring businesses in Asia that demonstrate strong potential for growth or operational improvement (in 2005, PERF committed $30 million to Oaktree Opportunities Fund VI)
  • $75 million to Cerberus Institutional Investors Series 4 fund, which focuses on purchasing and improving companies by providing capital and management
  •  $50 million to Energy Capital Partners I LP, which invests in energy infrastructure, such as electricity and gas storage and transmission, with an emphasis in North America
  • $50 million commitment to Hellman & Friedman Capital Partners VI fund, which focuses on the purchase of companies in markets such as financial services, media, professional services, and information services

PERF is a $15.6 billion retirement fund that serves more than 220,000 public employees and retirees throughout Indiana.

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