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Title: BCF Group and AlpInvest receive $150 million investment authorization from Indiana Public Retirement System

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 IndianaWashington, 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...

This press release is issued by King Newswire