The $7.4 billion San Francisco City & County Employees' Association approved investing up to $25 million in the alternative investment fund Madison Dearborn Capital Partners II, which specializes in the buy-out of small and medium corporations. Cambridge Associates assisted in the selection. The money will come from cash. The fund has about 3.7% of assets in alternative investments.
The $7.4 billion San Francisco City & County Employees' Association...
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