Los Angeles City Employees' Retirement System related stories
All articles and analysis
Courting unionsWhile some private equity firms find themselves at odds with unions, others have forged more harmonious relationships.
- LACERS considers $20m distressed commitment
American Securities’ second distressed opportunities fund will target investments in bank debt, high yield bonds, trade claims and equity securities.
- New Mexico CIO quits amid pay-to-play inquiry
A member of the pension said Gary Bland had been found to have pressured investment firms to hire certain placement agents.
- LACERS commits $20m to Hellman & Friedman VII
Hellman & Friedman's seventh fund is targeting $7bn, with a hard cap of $10bn, and has collected about $6.4bn so far.
- OPEN & CLOSED
OPEN & CLOSED 2009-04-01 Staff Writer OPEN & CLOSED FUNDS OPENED <
- Wetherly Capital ties LACERS to Morris scandal
The placement agent, co-founded by AVP executives Vicky Schiff and Peter Borges, paid ‘consulting’ fees to the firm run by Henry Morris. Morris is now under investigation as part of the growing kick-back scandal involving the New York State Common Retirement Fund.
- LA firm ties LACERS to Morris scandal
Los Angeles placement agent Wetherly Capital paid ‘consulting’ fees to the firm run by Henry Morris, now under investigation as part of a growing kick-back scandal involving the New York State Common Retirement Fund. A director with Wetherly, Vicky Schiff, in 2005 sat on LACERS’ board of commissioners while the pension was considering investing in a Wetherly client.
- LACERS, New Mexico draft placement fee disclosure policies
As a kick-back scandal involving several public pensions grows in the US, LACERS is the latest pension to draft a disclosure policy for placement agents and other third-party marketers.
- Los Angeles pension director joins infrastructure specialists
Former Los Angeles City Employees Retirement System general manager Robert Aguallo is the latest pension executive to move to the private sector as he joins Cardinal Americas.
- Thoma Cressey Bravo to split(4)
Thoma Cressey Bravo will divide its investment team in two for its next round of fundraising. Bryan Cressey will raise and manage a healthcare-focussed fund, and Carl Thoma and Orlando Bravo will raise and manage a software-focussed fund.