PERF Commits $165 Million in Four Private Equity Investments
Commitments focused on United States, Europe and Asia
INDIANAPOLIS (Jan. 30, 2007) - The Indiana Public Employees' Retirement Fund (PERF) has made four private equity commitments totaling $165 million.
The commitments represent continued progress in implementing a 15 percent allocation to alternative investments approved in August, 2006 by PERF's board of trustees. The allocation is aimed at managing risk by continuing to diversify PERF's assets to meet return expectations.
These latest commitments include:
- A $45 million commitment to Horsley Bridge International Fund IV. This fund makes investments in other funds that purchase businesses or provide venture capital for companies with strong potential. The fund will focus on opportunities in Europe and Asia.
- A $50 million commitment to Terra Firma Capital Partners III. This fund will focus on acquiring companies with significant assets in Europe.
- A $20 million commitment to PACVEN Walden Ventures VI. This fund will focus on providing capital to high technology companies in the United States and Asia. The fund will target companies involved in communications, semiconductors, software, and information technology.
- A $50 million commitment to Greenpark Capital Fund III and IIIS. This woman-owned fund makes investments in other funds that purchase or provide capital for small to midsize businesses in the United States and Europe.
The Public Employees' Retirement Fund (PERF) is a $16.1 billion retirement fund headquartered in Indianapolis that serves the needs of more than 220,000 public employees and retirees throughout Indiana.
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CONTACT:
Jeff Hutson
Director of Communications
(317) 234-3401
jhutson@perf.in.gov
