Wednesday, 20 August 2014
Last updated 5 hours ago
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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note