FFL’s Strategic Investment Group closes on $150 mln for Fund IV

Firm: Strategic Investment Group

Fund: Strategic Private Equity Fund IV LP

Target: $250 million

Amount raised: $150 million

Placement Agent: None

Arlington, Virginia-based Strategic Investments, founded in 1987 by Hilda Ochoa-Brillembourg, who led the former senior pension investment team at the World Bank, initially filed a Form D for Fund IV back in October 2012. The latest filing disclosed a fund target of $250 million, with Ochoa-Brillembourg’s name on the document, along with Mary Choksi, Michael Duffy and Carol Grefenstette.

In 2012, Friedman Fleischer & Lowe took a majority stake in Strategic Investment, which disclosed $35.9 billion in assets under management as of Dec. 31. Strategic Investment Group partners of the firm retained a “significant financial interest” in the company, FFL said in a press release.

“FFL will be a supportive and intelligent financial partner,” Ocha-Brillembourg said in a prepared statement at the time.

A spokesperson for FFL declined to comment on Strategic Investment Group’s fundraising.

Strategic Investment Group provides investment outsourcing services for institutional and private investors, with a proprietary process combining  active portfolio management, rigorous risk management and open-architecture manager selection, the firm said.

Clients include corporate pension funds, health care systems, non-U.S. government entities, foundations, endowments and wealthy families.

(Correction: This story has been updated to correct the spelling of FFL on second reference and to properly attribute a statement from Strategic Investment Group.)