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Indiana pension PE chief Bo Ramsey moves to family office

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May 24, 2015; Indianapolis, IN, USA; IndyCar Series driver Juan Pablo Montoya (2) races Will Power (1) during the 2015 Indianapolis 500 at Indianapolis Motor Speedway. Mandatory Credit: Brian Spurlock-USA TODAY Sports - RTX1EE1K
  • Bo Ramsey joined Indiana public-pension system in 2012
  • Was promoted to head PE in under a year
  • Took over overall equities portfolio last year

Robert “Bo” Ramsey, former head of public and private equities at Indiana Public Retirement System, recently left the pension system to join family office Pendyne Capital, according to a person with knowledge of the move.

Ramsey updated his LinkedIn profile to reflect the change. Jalissa Hill, a spokeswoman for Indiana PRS, confirmed that Ramsey left the system. Hill said Nick Detmer will oversee the system’s private and public equities portfolios. Detmer has been a senior investment analyst in private equity at the retirement system.

Ramsey joined the Indiana system in 2012 as a senior investment analyst in PE. About nine months later he was promoted to director of private equity, a move that raised eyebrows among some in the industry because of his relative inexperience. Before joining the pension Ramsey worked as an attorney at Ice Miller in the PE practice.

Ramsey held the post until June 2016, when he was again promoted, to deputy CIO in charge of both the public and private equities portfolios, his LinkedIn profile shows. He left the system in October.

Scant information about Pendyne Capital is available. The family office was set up by the Collier family of Naples, Florida, according to a biography of Pendyne’s CIO, Andy Fisher, on a hedge-fund conference agenda document.

The Collier family patriarch, Barron Gift Collier, made his fortune in streetcar advertising in South Florida. He had amassed his first million by age 26, his profile on the Collier County Museums website shows. He then began buying up land in remote southwest Florida, spending millions to develop the wilderness, the profile said.

Action Item: Check out IndianaPRS investment portfolio here: www.in.gov/inprs/annualreports.htm

Update: This report has been updated to include information about Ramsey’s replacement at Indiana Public Retirement System.

Photo: Indianapolis, IN, USA; IndyCar Series driver Juan Pablo Montoya (2) races Will Power (1) during the 2015 Indianapolis 500 at Indianapolis Motor Speedway. Mandatory Credit: Brian Spurlock-USA TODAY Sports