Miami To Search for Private Equity FoF Managers

Dec 15 2005 | 5:32pm ET

The $1.4 billion City of Miami Police & Fire Retirement Trust will begin searching in January for two additional private equity fund-of-funds managers to handle a total of $24-28 million in primary partnership portfolios.

Robert Nagle, administrator, said the plan hired fund-of-funds firms Coller Capital and Lexington Partners at its board meeting last week to handle $12-15 million each in secondary partnership portfolios. Landmark Partners was the other finalist in the recently completed search. The money will come from a rebalancing of the plan's portfolio.


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