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Indiana PRS makes $450m PE commitment

Indiana Public Retirement System has allocated $450 million to two private equity vehicles, according to a report by Private Equity International – $150 million to Hellman & Friedman Capital Partners XI and $300 million to a custom fund of a vehicle managed by HarbourVest Partners.

Indiana Public Retirement System (PRS) has allocated $450 million to two private equity vehicles, according to a report by Private Equity International – $150 million to Hellman & Friedman Capital Partners XI and $300 million to a custom fund of a vehicle managed by HarbourVest Partners.

The Hellman & Friedman buyout fund seeks to acquire mainly high-value North American and western European businesses, while HarbourVest’s separate managed account will target early-stage venture capital investments.

Indiana PRS, which has assets under management of $46.34 billion, currently has 12.5% ($5.79bn) of its 27% overall alternatives allocation committed to private equity investments.
 

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