Arizona Pension Invests $100M In Czech, Two Private Equity Funds

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.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note