[RFP] POBA to allocate $150 mn to global PEFs
Jul 24, 2019 (Gmt+09:00)
The Public Officials Benefit Association (POBA) plans to commit around $150 million to global blind-pool private equity funds to invest in buyout/growth, secondary and income strategies.
For the income strategy, POBA specified that it would focus on junior and mezzanine tranches for a target dividend yield of 5% per year, or a net internal rate of return of over 10%, according to its announcement on July 18.
It rules out senior loan, real estate and infrastructure investments for the mandates. [download id="6610"].
Edited by Yeonhee Kim
24 HOURS AGO
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