Like many LPs, the Indiana Public Retirement System pulled back on its venture investments when the global crisis up ended financial markets in 2009 and 2010. But not as much as you might think.

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With the memory of the stock market bust just beginning to fade, the INPRS stepped up venture investing in 2005, matched the pace in 2006 and maintained a steady clip of fund sign-ups through 2009, according to a peHUB analysis of its recent private equity portfolio report.