Indiana Investment Fund II will invest in a diversified portfolio of Indiana-based direct investments, co-investments and fund commitments. The fund will back private equity funds, real assets and credit investments and will directly invest or co-invest in companies across varied sectors through equity, debt or mezzanine participation. It will focus on opportunities either located in Indiana or with a meaningful connection to the State.
Carlyle and AlpInvest have opened an office in Indianapolis to serve as base of operations for the new partnership with INPRS.
The Indiana Public Retirement System serves the needs of approximately 447,000 members and retirees representing more than 1,400 employers including public universities, school corporations, municipalities and state agencies. With approximately $27.2 billion in assets under management (as of December 31, 2012), it is among the largest 100 pension funds in the United States.