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Danville Searches For Private Equity FoFs

The $200 million Danville Employees’ Retirement System is searching for a private equity fund of funds manager for a $10 million mandate.

The pension is looking for a diversified private equity shop that invests buyout funds, secondary buyout funds or a combination of the two.  Although the firms may have non-U.S. investments, the plan is looking for exposure to domestic funds.

Interested firms must have at least three years of p.e. experience and manage a minimum of $500 million in assets.

The deadline for the search, which is conducted by the plan’s consultant, Dahab Associates, is Oct. 8.


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