FEG Private Investors, LLC, an affiliate of Fund Evaluation Group, LLC (FEG), announced the final closing of its fourth private capital fund of funds, FEG Private Opportunities Fund IV, L.P. (the Fund) on December 31, 2018.
The Fund closed with $165 million in capital commitments, surpassing its target of $150 million. As with prior funds, the Fund received commitments from a wide range of limited partners including: foundations, endowments, pension plans, religious institutions, educational institutions, and other investors.
“We launched our lineup of Private Opportunities Funds in 2011 not only to provide institutions access to private capital, but also to help them avoid high minimum investments and the limited capacity of some other solutions.” Gary Price, FEG Managing Principal, said.
“The Private Opportunities Funds have provided customizable solutions for investors seeking to add a private capital component to their investment program. Fund IV also helps longer-term investors maintain their target allocation to private investments,” he continued. “Obviously, we’re excited that interest in this space has remained high, and our team is honored to be able to continue to fulfill investors’ needs with this Fund.”
FEG Private Investors, LLC is a registered investment advisor and affiliate of FEG. The first fund began investing in 2011 and closed in 2012 with $122 million, the second fund closed in 2015 with $227 million, and the third closed in 2017 with $195 million. All funds exceeded their target amount and FEG Private Funds now manage total committed capital of over $700 million.
“We believe there are potential benefits from investing through a well-structured, cost-effective fund of funds vehicle. Manager access and portfolio diversification are among the benefits delivered to investors by the Fund as they seek to outperform the public markets without overwhelming their committees and staff,” Susan Mahan Fasig, CFA, FEG Private Investors, LLC lead portfolio manager, said. “We believe our tenured and stable team provides FEG with a competitive advantage in identifying and evaluating investment opportunities. Uniquely, the Fund has the flexibility to invest in private equity, private debt, and private real assets strategies.”
FEG has more than 30 years of experience delivering investment advice and solutions to institutions. FEG has a dedicated team of research and investments professionals, including a team of experienced professionals focused on private equity, private debt, and private real assets strategies. Through a highly selective and in-depth process they select managers exhibiting conviction, experience, and an alignment of interests with investors.
About FEG Private Investors, LLC:: FEG Private Investors, LLC, a registered investment advisor, serves as the Manager of FEG Private Opportunities Fund IV, L.P. The Fund is sponsored by the affiliate, FEG Private Investors, LLC, which is wholly owned by Fund Evaluation Group, LLC (FEG) a registered investment advisor, and the Fund's General Partner, FEG POF, LLC. A copy of FEG Private Investors, LLC disclosure document, Form ADV 2A & 2B may be obtained by contacting Compliance at 513-977-4400. For more information, visit www.feg.com.