Public Pension Funds

Economic Innovation International, Inc.

Public Pension Funds

Economic Innovation International, Inc. has a long history of restructuring the asset management of public pension funds. This restructuring has consistently institutionalized the highest standards of fiduciary responsibility, modern portfolio management practice, asset allocation strategies, and alternative investment vehicles. These alternative investment vehicles include geographically targeted early stage venture capital, later stage venture capital, and mezzanine capital as appropriate asset categories. Economic Innovation has been a pioneer in delivering sound investment policies which remain true to the highest standards for global portfolio management practice and the prudent investor rule, while fostering the creation and growth of profitable, productive small and medium-sized enterprises. Following is a description of the paradigm fund designed by Economic Innovation and a list of the beta funds created by the firm.

The Alpha Paradigm Fund: Puerto Rico Private and Public Retirement Funds (1996)

Economic Innovation was selected by the Government Development Bank of Puerto Rico through an international search.

Designed and implemented a strategy to introduce alternative asset classes and private equities to major institutional investors.

Key components of this effort included: Strategic Design, Legal/Regulatory Reform, Fund Manager Selection, and Capitalization.

As a result, major public and private pension funds in Puerto Rico invested for the first time in private equities through two new funds:

the $55 million Grupo Guayacan Fund of Funds

the $42 million Guayacan Equity Fund

The early success of these funds is leading to a $70 million follow-on Fund of Funds.

Similar Beta Funds

Arkansas Public Retirement System (1985)

Florida Public Retirement System (1996)

Michigan Public Retirement Fund (1997)

Montana Department of Commerce Board of Investments (1982)

Nebraska Investment Council (1988)

North Carolina Treasurer (1987-1988)

Oklahoma Public Retirement System (1987)