Rod Calhoun, head of the private program of equity investments Altoona State Investment Council, which is considered the communication he had just received. It is from Permira, a leading European buyout fund, and is concerned about its fourth fund, which made the Altoona 100 million commitment. Memorandum offered investors the opportunity to reduce their commitment to Permira IV. This potential offer was attractive, as it will allow the state pension to meet their "over-commitment problem" created many institutional investors. But the agreement gave Calhoun paused. "Hide
by Josh Lerner Source: Harvard Business School 9 pages. Publication Date: 06 January 2009. Prod. #: 809095-PDF-ENG