1. For MWDBE Private Equity Investment Manager Services: a. The Investment Manager will provide CTPF with a private equity investment management services via a commingled fund structure. The mandate will be up to $30 million. 2. For Africa-Focused Private Equity Investment Manager Services: a. The Investment Manager will provide CTPF with private equity investment management services with a strategy focus on Buyouts, Growth Equity or Special Situations and a geographic focus on Africa, either pan-regionally or country specific. The mandate size will be up to $10 million. 3. The Investment Manager will have independent discretionary authority with respect to the investment of that portion of assets managed by the Investment Manager. 4. The Investment Manager shall provide monthly, quarterly and annual performance (gross and net of fees) and portfolio valuation reports in addition to annual audited financial statements to CTPF, Callan, and the Fund’s current custodian Bank of New York Mellon. 5. The Investment Manager shall adhere to the due diligence responsibilities as detailed in the Subscription Document, Limited Partnership Agreement, Limited Liability Corporation Agreement, or Investment Management Agreement and related side letters, as applicable. 6. The Investment Manager shall abide by performance standards and criteria. 7. The Investment Manager will document all fund level investment activity with CTPF’s master custodian in accordance with ILPA reporting standards and confirm all executed transactions from custodial account records; CTPF’s current master custodian is Bank of New York Mellon.
