Large buyouts “less compelling” for LPs like San Francisco
Healthcare-linked venture, distressed-for-control more attractive
San Francisco committed $1.1 bln to PE last year
Cambridge Associates is advising San Francisco Employees’ Retirement System to be very selective in allocating to new U.S. buyout funds, according to a presentation the retirement system released. “As interest rates rise, tighter credit markets could inhibit exits/new investment activity and ...