| Private Equity Fund Management |
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NYLCAP’s fund management program focuses on identifying and investing in a select group of top performing private equity firms (“Core Partner” strategy) and seeks to develop long-term relationships with these firms through equity co-investment and mezzanine activity, advisory board roles and investments in successive funds over time.
NYLCAP invests for its clients on a discretionary basis, in a broad range of private equity strategies, all over the world. NYLCAP typically invests $20 to $130 million per partnership. As of June 30, 2007, assets under management by NYLCAP in the fund management program totaled $3.6 billion and included investments in more than 180 funds.
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