FRR makes private equity allocation

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FRANCE - The €31.3bn Fonds de Reserve pour les Retraites (FRR) has awarded fund of funds mandates worth a total of €1.35bn to three private equity managers.

The investments, which completes the FRR’s €1.5bn first foray into private equity, follow on from a €150m fund of funds mandate awarded to AXA Private Equity Europe in December 2006, for investment...

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