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

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Is Steven Cohen Going to Buy the Brooklyn Nets?

Jan 19 2015 | 6:49am ET

Rumors that Steve Cohen was interested in the Brooklyn Nets emerged after Scott...

Guest Contributor

Investors Benefit From Evolution Of Fund Of Hedge Funds Model

Jan 22 2015 | 12:27pm ET

The evolution of the fund of hedge funds model over the last few years represents...

 

Editor's Note