San Francisco Employees' Retirement System (SFERS), a $25bn defined benefit trust, has named Tanya Kemp as interim managing director of private markets, while it searches for a permanent managing director for private markets, according to a CIO report memorandum.
North America-focused fund held a first close in June 2020 and has made 20 investments
Paragon Partners will own a 55% in the newly formed entity following the carve-out
FPE acquired the assessment software in 2016 and has sold it to Battery Ventures' Learnosity
Company was reportedly marketed based on EBITDA of €16m