At its Sept. 15 meeting, the board of California's Alameda-Contra Costa Transit District Retirement System opted to slow the system’s push to make its inaugural investment in the private equity investment class and has referred the investment opportunity for further review before next steps are taken, according to Hugo Wildmann, the Oakland-based retirement system's manager.
The approximately $750 million system has been working on a potential first-time commitment to a private equity fund of funds managed by HarbourVest Partners, which would also represent its first investment in the class. Wildmann explained . . .
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