Indiana Public Retirement commits $385 million
Indiana Public Retirement commits $385 million
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Indiana Public Retirement System, Indianapolis, made commitments totaling $385 million for its $34.8 billion defined benefit plan, the retirement system disclosed in an investment report included with materials for its board meeting Friday.
The system disclosed commitments of $100 million each to
352 Capital Fund, a private markets fund that seeks to structure a portfolio of consumer-oriented asset-based securities;
Hamilton Lane Equity Opportunities Fund V-A, a private equity fund that makes buyout, growth and co-investments in small and midsize companies; and private credit fund
Pathlight Capital Fund II.
INPRS previously committed $100 million to Pathlight Capital Fund I in 2019. Hamilton Lane and 352 Capital are new managers for the retirement system.