Tuesday, 16 September 2014
Last updated 41 min 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 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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