This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Carlyle Group And AlpInvest To Manage $155 Million Investment Fund For Indiana Public Retirement System, Bringing Total In-state AUM Managed For INPRS To $305 Million

Global alternative asset manager The Carlyle Group today announced that the Indiana Public Retirement System (INPRS) has selected Carlyle and AlpInvest Partners to manage an existing $155 million fund, Indiana Investment Fund I (IIF-I), a 2006-vintage vehicle that from inception was managed by a third party. In December 2012, INPRS selected Carlyle and AlpInvest to deploy and manage a new $150 million investment fund, Indiana Investment Fund II (IIF-II), which will invest in a diversified, high-quality portfolio of Indiana-based direct investments, co-investments and fund commitments. Carlyle and AlpInvest now manage $305 million for INPRS’ Indiana Programs.

David M. Rubenstein, Co-CEO of The Carlyle Group, said, “We are pleased to deepen our relationship with INPRS by managing this legacy portfolio. Our mandate is to invest wisely and create value for Indiana’s public pensioners and we are grateful for this opportunity.”

Steve Russo, Executive Director, Indiana Public Retirement System, said, “We believe that consolidating our Indiana-focused funds with one manager will best serve the interests of our members and better enable us to achieve the return expectations we have established. First and foremost, these Indiana-focused investments must support the needs of INPRS’ members. Additionally, they may bolster the economic environment in which Indiana employers and Hoosier taxpayers work and live. We’re confident we can achieve our primary goal while also helping to support excellent investment opportunities in Indiana.”

Volkert Doeksen, Chairman and Managing Partner of AlpInvest, said, “This mandate is important to us and we will work to maximize the fund’s value. It has only been a few months but we are already pleased with the opportunities we are seeing for investing the fresh capital in the IIF-II fund that was awarded to Carlyle and AlpInvest in December.”

IIF-I is invested in a portfolio of Indiana-based fund-of-funds and co-investments. $85 million is deployed in five private equity funds and $70 million is in ten direct deals and co-investments. This program was created to invest in local fund managers with headquarters in Indiana, and local private businesses that were located in, had significant operations in, or were willing to relocate to the state.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 -1.15%
FB $117.58 0.73%
GOOG $693.01 0.29%
TSLA $240.76 -2.81%
YHOO $36.60 0.03%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs