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City of Fresno- Private Equity Fund of One/Separate Account Search

Posted on: March 29, 2018

The City of Fresno Retirement Systems (the “Systems”) are accepting submissions from investment firms to manage a private equity “fund of one” mandate for the System's approximately $3 billion defined benefit pension. In order to be considered, the candidates must be prepared to manage a customized fund for the “Systems”.  The initial allocation is $120 million spread out over 3-4 years.  This size could be increased based on the success of the program.   The focus of the search will be Global in nature.  The “Systems” reserve the right to reject any and all submissions at their discretion.  In order to be considered, the candidates must the criteria detailed in the Search Notice (below).

All questions should be directed via email, no hard copies, to the following contacts, (no phone calls please).  Questions are to be sent to NEPC by April 6th, with responses posted to NEPC’s website by April 20th. The submissions for the RFI should be sent electronically to the names listed below and received no later than 4:00 pm EDT, Friday, May 4th, 2018.  If received after this deadline, submissions will not be accepted.

Michael Miranda

NEPC, LLC

mmiranda@nepc.com

 

Chad Jacobs

City of Fresno

Chad.Jacobs@fresno.gov

 

Kathleen Riley-Brown

City of Fresno

Kathleen.Riley@fresno.gov

 

Search Notice

RFI Documents:

Primaries Fund Deal-Level Data Request

Closed-End Fund RFI

Search Questions

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