Wednesday, 1 July 2015
Last updated 4 hours ago
Jul 30 2012 | 11:45am ET
The Arizona Public Safety Personnel Retirement System has committed as much as $100 million to a trio of alternative investment firms.
The bulk of the money went to former FrontPoint Partners' star manager Stephen Czech's Czech Asset Management. The $6.6 billion public pension fund committed up to $70 million to the firm's SJC Onshore Direct Lending Fund II, spun off from FrontPoint earlier this year.
The pension also committed up to $20 million to Avalon Ventures' Fund X and $10 million to Iron Point Real Estate's second fund.
NEPC assisted with the search for Czech, while private equity consultant StepStone Group and real-estate consultant ORG Portfolio Management worked on the Avalon and Iron Point commitments.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…