INDIANAPOLIS Indiana Public Employees Retirement Fund committed $50 million to New Mountain Partners III and $30 million to Court Square Capital Partners II. Both private equity funds focus on middle-market growth companies. Funding will come from a reallocation across the $17.14 billion funds portfolios, said Jeffrey D. Hutson, director of communications. Strategic Investment Solutions assisted.
Separately, the system hired Institutional Shareholder Services to assist in complying with a new state law on Sudan divestment, said Mr. Hutson. The hiring is pending contract negotiations. ISS will develop a list of Sudan-related companies based on the specifications in the legislation and help us to implement it, Mr. Hutson said.