Monday, 30 November 2015
Last updated 2 days 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…