The finalists for the separate account discretionary mandate are
The pension fund ended its relationship with Dallas-based Aldus Equity in May after the advisor’s founder, Saul Meyer, was charged in connection with an alleged kickback scheme involving the
Wilbanks told Buyouts in May that there were no allegations of impropriety on the part of Aldus Equity regarding the work it had done for the Oklahoma pension. The limited partner chose Aldus Equity to handle its first private equity mandate last year. In the fallout from the Aldus Equity scandal, the limited partner has adopted a policy requiring all of its vendors to fully disclose any use of placement agents and third-party marketers, said Wilbanks.
The LP’s private equity program is open to a variety of funds, including buyout and corporate restructuring; venture capital; mezzanine financing; special situations; and secondary vehicles.