Private Markets Manager Search – Small Buyouts/Growth Equity
The System is accepting proposals from investment firms to manage a private markets small buyout/growth equity mandate for the System's $3 billion, defined benefit, pension fund. In order to be considered, the candidates must be raising a closed-end private markets fund and primarily investing in North America. The strategic area of focus for this search is managers that invest in the lower middle market with companies that have less than $50 million of EBITDA. Candidates for consideration must have raised one prior fund and be raising at least $200 million in the current fund. The fund must have a final close no earlier than December 31, 2010 and no later than December 31, 2011. The manager must work with NEPC to conduct due diligence. Private Markets funds with a venture, large buyouts, mezzanine and distressed focus will not be considered
