The City of Bethlehem, Pa.'s Aggregated Pension Fund Board is currently looking to place approximately $10 million with a private equity fund of fund manager, IMMP has learned.

According to procurement documents made available by investment consultant Morrison Fiduciary Advisors, this will be the city’s first investment in private equity fund of funds. The $135 million retirement portfolio currently uses nine investment managers to advise 12 specific investment disciplines.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.