Hot Private Equity Fund Mandate
March 19, 2009
An established European corporation’s pension fund invests five percent of its assets in both single and multi-manager private equity vehicles. The pension scheme is currently focused on distressed and secondary strategies. Toward the end of 2009, it will be considering small- and mid-market buyout investment opportunities. It is strictly focusing on experienced management teams with a proven track record of generating superior returns; the cap size of the fund is not as important. The fund allocates $10 million to $15 million per fund.