Fresno Allocates $110M To Private Equity Funds

Aug 16 2007 | 11:02am ET

The $2.4 billion Fresno County Employees’ Retirement Association has voted to allocate $110 million to a trio of private equity funds.

According to the minutes of the system’s July 18 meeting, FCERA’s investment board voted to allocate $70 million to fund of private equity funds shop Portfolio Advisors, which beat out Harborvest and Hamilton Lane for the mandate.

FCERA also allocated $25 million to Warburg Pincus on top of the existing $45 million the firm already manages for the pension fund.

Also, the system allocated another $15 million to New Mountain Capital on top of the $25 million it had previously invested with the firm.

The pension fund had a 5% allocation to alternatives as of the end of March.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note