LP profile · Pension fund
Indiana State Teachers' Retirement System
Indiana State Teachers' Retirement System is a pension fund headquartered in United States (North America). Ranked #164 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The Indiana State Teachers' Retirement Fund (TRF) was established in 1921 by an act of the Indiana General Assembly.
- In 2011, the Indiana General Assembly integrated the management of the TRF and the Public Employees' Retirement Fund (PERF) under a single entity, the Indiana Public Retirement System (INPRS), to streamline administration.
Source of Capital
- The system's capital is sourced from the pension contributions of its members.
- Members include educators in Indiana's public schools, as well as some employees of charter schools, specific educational initiatives, and public universities.
Major Events
- The most significant organizational event was the 2011 integration of the TRF's management into the newly formed Indiana Public Retirement System (INPRS), which also oversees the Public Employees' Retirement Fund.
Allocation Strategy
- The fund invests across a diversified range of asset classes, including public equity, private equity, fixed income, real estate, and absolute return strategies.
- As of its 2023 investment policy, the fund's target allocation for private equity, which includes venture capital, is set at 17% of the total portfolio.
- The private equity portfolio is diversified across geography, with a primary focus on North America, and includes investments in buyout, growth equity, and venture capital funds.