Los Angeles City Employees' Retirement System related stories
All articles and analysis
Side Letter: Performance anxietyIf you're reading this from the UK, we hope you enjoyed the long weekend. In today's brief, the Australian government is rethinking an LP performance test that could unlock billions for private markets; and a US foundation is going against the grain. For our valued subscribers only.
Side Letter: Deal allocation aggroCould LP concerns over evergreen deal allocations be further exacerbated by 401(k) inflows? Plus: Moelis taps Jefferies for another secondaries hire; and consolidation is afoot in Italy. Here's today's brief, for our valued subscribers only.
Side Letter: GPIF's upwards trajectoryThe world's largest public pension has seen its private equity portfolio grow by more than $1 billion. Plus: an influx of new lenders is driving down the cost of NAV loans. Here's today's brief, for our valued subscribers only.
Side Letter: Evercore's Keensight callA placement agent parts ways with a GP. Plus: our big Blackstone interview; and the Middle East conflict's impact on the private equity real estate world. Here's today's brief, for our valued subscribers only.
Side Letter: Ardian on geopoliticsArdian says Asian investors are keen to invest more in Europe as a result of the US tariffs. Plus: CalPERS' PE performance, and a €700 million debut fundraise. Here's today's brief, for our valued subscribers only.
LACERS commits $50m to private equityLos Angeles Employees' Retirement System made the commitments to two private equity funds.
Side Letter: Tokyo liftWhy Thoma Bravo should feel particularly chuffed about a commitment from the world's largest public pension. Plus: Another Taiwanese insurer offloads private equity exposure. Here's today's brief, for our valued subscribers only.
Side Letter: Money in or money out?New data suggests NAV loans are rarely used to massage DPI. Plus: a $23 billion pension has tweaked its PE allocation to get ahead of potential liquidity challenges; and a Japanese buyout firm completes an MBO. Here's today's brief, for our valued subscribers only.
Side Letter: Yale's $6bn saleYale University has come to market with one of the largest LP-led transactions of recent years. Plus: Navis completes another GP-led transaction; and climate giant Altérra is seeking new partners. Here's today's brief, for our valued subscribers only.
Side Letter: KKR's Gulf gambitKKR has launched a dedicated Middle Eastern investment team. Plus: ILPA appoints a sustainability specialist; and LACERS spies opportunity amid tariff turmoil. Here's today's brief, for our valued subscribers only.