Searches and Hires

Indiana commits nearly $500 million to 4 managers

Indiana Public Retirement System, Indianapolis, committed a combined $494 million to private credit, private equity and real assets, according to a presentation Friday to the $34.4 billion system's board.

In private credit, it committed $200 million to Carlyle Group to run in a global private credit fund of one, and $100 million to the Brickyard Direct Lending Fund, managed by HPS Investment Partners.

The system also committed $100 million to a real assets fund managed by Brigade Capital Management and €80 million ($94 million) to CVC Capital Partners Strategic Opportunities Fund II, a buyout fund.

Indiana Public had 12.1% of its assets in private markets as of May 31.