Colorado Public Employees’ Retirement Association, Denver, is searching for two private equity funds through the $25 billion system’s new Target Opportunities Program, which will focus on private equity funds capitalized at a maximum of $250 million, according to a news release. The program will invest $25 million this year, and up to $50 million annually thereafter, in venture capital, leveraged buyouts and special private equity situations, with an average of $10 million to $15 million per investment, said Kevin Kester, director of alternatives.
The plan will choose two funds by January, Mr. Kester said. Interested firms should direct inquiries to Alignment Capital Group, consultant for private equity for the new program, at (512) 320-4080.
