BCF Group and AlpInvest receive $150 million investment authorization from Indiana Public Retirement System
Brand News 24 March 23, 2024
United Kingdom, 23rd Mar 2024 - BCF Group and AlpInvest receive $150 million investment authorization from Indiana Public Retirement System to invest in a diversified portfolio of direct investments, co-investments and funds in Indiana
Washington, DC and Indianapolis, Indiana, October 2023 – BCF Group, a global alternative asset manager, announced that the Indiana Public Retirement System (INPRS) has selected BCF Group and AlpInvest Partners to manage a new $150 million fund - Indiana Investment Fund II. IIF-II will invest in a diversified, high-quality portfolio of direct investments, co-investments and fund commitments in Indiana. BCF and AlpInvest have opened offices in Indianapolis to serve as a base of operations for their new partnership with INPRS.
Scott A. Smith, CEO of BCF Group, said, "We are pleased to receive this important investment authorization and excited to expand the relationship we have developed with the Indiana pension system over the past decade. We believe BCF and AlpInvest form the This creates a robust investment platform that will serve Indiana’s public pensioners well.”
"By investing in Indiana, INPRS achieves the dual goals of targeting high returns while nurturing Indiana entrepreneurs and their businesses," said Steve Russo, executive director of the Indiana Public Retirement System. Kay We are impressed by the track record and expertise of BCF’s partnership with AlpInvest and believe it will serve us well.”
Volkert Doeksen, Chairman and Managing Partner of AlpInvest, said: “We are excited about the opportunity to partner with Indiana’s pension system. As we invest the hard-earned money of Indiana’s public pension recipients, we will leverage Carlyle’s global network and direct investment expertise, combined with AlpInvest’s global primary and secondary funds and co-investment relationships. We are also excited to have Curt Rossman join us and have the ability to make this new investment platform run smoothly."
specific methods:
Identify and invest in fund managers and companies for direct and/or co-investment. Focus on investment opportunities that are located in Indiana or have meaningful ties to the state. On an opportunistic basis, if regional funds and companies are willing to move a substantial portion or all of their operations to Indiana, we will consider them. Invest in private equity funds, real assets and credit investments. Invest directly or co-invest through equity, debt or mezzanine participation in companies across various industries. Make investments that help strengthen Indiana's economy. Rigorous scrutiny is conducted to ensure that each investment meets INPRS return expectations.
Disclaimer: The views, recommendations, and opinions expressed in this content
belong solely to the third-party experts. This site was not involved in the writing and
production of this article.
Pinellas Park, FL – 04 Oct, 2024 – Raphalabcare, a leader in DNA testing and analysis, is excited to announce the launch of its comprehensive DNA paternity testing services, now available to individua...
United States, 12th May 2024, King NewsWire – SnkerMethod, a burgeoning fashion brand, is not just about trendy clothing; it's a movement founded on the belief that entrepreneurship knows no age limit...
Richmond, United States, 18th Sep 2024 – Caroline Caylor, CEO and Founder of ARAZ Systems, a minority-owned, woman-led business specializing in fuel support services, has been selected to participate...
ROIBest is the inventor and leader in Android PWA's non-removable apps.
Singapore, 14th Jan 2025 - ROIBest, a company specializing in Android Progress...
Canada, 4th Dec 2024 – Warrior MMA, the leading martial arts academy in Calgary, is revolutionizing the way individuals approach fitness, self-defense, and personal development. Catering to people of...
Bangladesh, 30th Sep 2024 - INDIAN VISA FOR US CITIZENS: In 2014, India implemented Electronic Travel Authorization (ETA), a digital visa system that allows citizens of 169 countries to apply for visa...
United Kingdom, 6th Nov 2024 - MCQUAIDE Damascus Steel Watches, a dynamic force in the watch industry, is excited to launch the McQuaide Q1, a Damascus Steel diver watch that infuses ancient artistry...
Bruchsal, Germany, 9th Oct 2024 - Popular cleaning brand UWANT has announced the launch of The UWANT B200 SE Quiet Clean Spot Cleaner, which offers robust and quiet cleaning with its QuietCore Technol...
Acupuncture is a holistic treatment that has gained popularity among athletes for improving performance, recovery, and overall well-being.
Encinitas,...