Minnesota, Florida pensions among early investors in the hybrid hedge-PE fund.
|John Brice (Photo: CarVal)|
The firm started marketing the CVI Credit Value Fund II in March 2012 and attracted large allocations from at least two public pensions. The Florida State Board of Administration committed $200 million and the Minnesota State Board of Investment committed $150 million. Agricultural giant Cargill, CarVal's owner, is another large investor. The firm