.NET 4.5 Framework is causing - The type initializer for 'System.Data.SqlClient.SqlPerformanceCounters' threw an exception. ------>[Win32Exception] The parameter is incorrect.

After installing .NET 4.5 Framework, I am unable to install one of our proprietary applications. I receive the error below during the install. When I uninstall .NET 4.5 Framework and install .NET Framework 4.0, I do not receive this error.

Login failed for user 'sa': [TypeInitializationException] The type initializer for 'System.Data.SqlClient.SqlConnection' threw an exception.
-->[TypeInitializationException] The type initializer for 'System.Data.SqlClient.SqlConnectionFactory' threw an exception.
---->[TypeInitializationException] The type initializer for 'System.Data.SqlClient.SqlPerformanceCounters' threw an exception.
------>[Win32Exception] The parameter is incorrect