Wednesday, 6 May 2015
Last updated 17 hours ago
Feb 15 2007 | 10:43am ET
The $2.4 billion Fresno (Calif.) County Employees Retirement System has been advised by its consultant, Wurts & Associates, to beef up its private equity portfolio, which it will begin doing next month.
In March, the system will start looking for a large-market buyout shop to manage approximately $15 million, intending to finalize the search in June. Then, it will start looking for a small-to-mid-market buyout shop to manage another $15 million.
Wurts made its recommendations to the board on Feb. 7. Fresno's current commitments to p.e. total $200 million across 11 funds, and it views 10 to 20 partnerships as an "optimal" number for the system.
Fresno will initially consider allocations to its existing general partners who are raising successor funds, including large-market consideration to the Blackstone Group. Other partnerships given first dibs include New Mountain Partners, Lone Star Funds and Landmark Partners.
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…