San Diego pension fund commits $50m to FountainVest
The San Diego County Employees Retirement Association (SDCERA) has committed $50 million to FountainVest China Growth Capital Fund II. FountainVest Partners, set up by former Temasek Holdings executives in 2007, raised $950 million for its first vehicle four years ago and is targeting $1.25 billion this time around.
The news comes after FountainVest secured $150 million from Washington State Investment Board in April. The pension fund previously committed $50 million to the GP's debut vehicle, investing alongside...
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