Searches and Hires

Indiana Public Retirement allocates $190 million for private equity

Indiana Public Retirement System, Indianapolis, committed a total of $190 million to three private equity funds, according to a report by Scott Davis, chief investment officer of the $34.2 billion pension system.

In a presentation to the INPRS board by Mr. Davis on Sept. 14, the retirement system committed to two TowerBrook Capital Partners funds — $75 million to TowerBrook Investors V (Onshore), a buyout fund, and $50 million to TowerBrook Structured Opportunities Fund II (Onshore), a structured equity investment fund.

It also committed $65 million to GSO Energy Select Opportunities Fund II, an energy fund managed by GSO Capital Partners, according to the presentation.

The pension fund had a 12.2% allocation to private markets, including private equity, as of June 30.