Parametrized higher category theory and higher algebra: Expose II - Indexed homotopy limits and colimits

We develop foundations for the category theory of $infty$-categories parametrized by a base $infty$-category. Our main contribution is a theory of indexed homotopy limits and colimits, which specializes to a theory of $G$-colimits for $G$ a finite group when the base is chosen to be the orbit category of $G$. We apply this theory to show that the $G$-$infty$-category of $G$-spaces is freely generated under $G$-colimits by the contractible $G$-space, thereby affirming a conjecture of Mike Hill.