Saturday, 28 March 2015
Last updated 6 hours ago
Feb 14 2007 | 10:31am ET
The $76 billion Ohio Public Employees Retirement System on Feb. 1 allocated the final $5 million of its $51 million regional program—the Ohio PERS/Credit Suisse Ohio-Midwest Fund—to SFW Capital Partners, a lower middle-market buyout shop with a regional focus.
Credit Suisse's Customized Fund Investment Group, which manages the Ohio-Midwest Fund, selected eight private equity funds from 31 total submissions.
“The selection of SFW Capital Partners marks the final investment of the Ohio-Midwest Fund,” stated Mike Arpey, managing director of Credit Suisse's Customized Fund Investment Group. “These eight unique funds represent a great diversification across various investment stages and industries, and most importantly, are poised to deliver strong returns for the members of the Ohio Public Employees Retirement System.”
The other mandates went to Blue Point Capital Partners II ($8 million), Strength Capital Partners II ($8 million), Riverside Micro-Cap Fund ($7 million), Stonehenge Opportunity Fund II ($7 million), Triathlon Medical Ventures ($7 million), Draper Triangle Ventures II ($5 million) and Reservoir Venture Partners II ($4 million).
The system and Credit Suisse established the p.e. fund of funds in 2005 to focus on making investments in Ohio and the Midwest. Ohio PERS contributed $50 million, with the remaining $1 million contributed by Credit Suisse.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…