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.)