Indiana Public Retirement System
The Indiana Public Retirement System (INPRS) is a government agency that serves as a pension system for public employees in the U.S. state of Indiana. Founded in 1921, INPRS is among the largest 100 pension systems in the United States, serving 529,244 working members and retirees from over 1,318 employers. In 2024, INPRS was named a Best Place to Work by the Indiana Chamber of Commerce. INPRS's vision is to have "engaged members able to realize their retirement dreams," and its mission is to "educate stakeholders, collect necessary contributions, and prudently manage member assets to deliver promised DB and DC benefits and services" as a fiduciary.
INPRS specializes in defined benefit public pension funds, hybrid public pension funds, defined contribution accounts, retirement medical benefits accounts, retirement and financial education, and special death benefits. Industries it has a preference for include diversified/conglomerates, aerospace, agribusiness, biotechnology, business services, chemicals, real estate, construction, consumer discretionary, consumer products (CPG; FMCG), consumer services, defense, education/training, hardware, energy and utilities, environmental services, financial services, food and beverage, forestry and timber, healthcare, healthcare specialists, industrials, IT services, information technology, insurance, software/internet, logistics and distribution, marketing/advertising, manufacturing, media (text; video; audio), medical devices and equipment, mining, oil and gas, HR and recruitment, pharmaceuticals, power and utilities, raw materials and natural resources, retail, telecoms and data, telecoms and media, transportation services, and travel and leisure.
Verticals it has a preference for include ad tech, artificial intelligence (AI) / machine learning, data services, clean tech, cloud computing, e-commerce, edu tech, fintech, health tech, insure tech, IoT (Internet of Things), prop tech, and reg tech. Its preferred route(s) to market include primary funds. First-time funds may be considered.