New Funds of Funds Mandate
March 19, 2009
An opportunistic wealth advisory firm is currently looking for managers of qualified funds of private equity funds. Managers do not necessarily have to have long track records to be qualified; however, funds need to have a minimum of $200 million in assets under management. The wealth advisor invests in onshore and offshore vehicles. The firm will invest with funds that have a lock-up if the length of lock-up is acceptable for its strategy. Its clients require that a manager offer high transparency.