Sunday, 19 April 2015
Last updated 3 hours ago
Dec 31 2007 | 10:29am ET
The California State Teachers’ Retirement System yesterday launched a search for independent fiduciaries to screen partnerships, make recommendations and help investment staff manage the CalSTRS private equity portfolio.
Up to five firms will be selected to serve as independent fiduciaries for the CalSTRS Private Equity Proactive Portfolio.
Independent fiduciaries will be expected to conduct in-depth analysis, background checks and due diligence reviews of prospective partnerships which have been submitted to CalSTRS by its fund-of-fund managers, Banc of America Capital Access Fund and the New and Next Generation Management Fund, managed by INVESCO Private Capital Inc.
The fiduciaries will make recommendations to CalSTRS investment staff regarding the prospective partnerships under review in domestic underserved and emerging markets.
The Private Equity Proactive Portfolio operates within CalSTRS’ Investments Executive Unit. As of Nov. 30, total private equity was a $14.7 billion part of CalSTRS’ $174 billion investment portfolio.
The final filing date for proposals is Feb, 5. The request for proposals is available for viewing on the CalSTRS website at www.calstrs.com/rfp.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…