Los Angeles City Employees' Retirement System related stories
All articles and analysis
Side Letter: Gating-gateIn today's edition, Blue Owl's recent asset sale has thrust semi-liquids into the spotlight; Partners Group tries to assuage investors' AI concerns; Gridiron Capital is back in the market.
Side Letter: EQT's exit recordIn today's edition, EQT's Coller acquisition overshadowed a record year for exits; Where LPs are placing their bets in Asia-Pacific; A prominent European LP departs after more than two decades.
Side Letter: Playing defenceIn today's edition, LPs are seeking reassurances over defence exits; ChatGPT creator OpenAI says GPs are among its busiest users; A European buyout shop hits its hard-cap.
Side Letter: 'Not zero' targetsIn today's edition: The SEC commissioner makes the case for PE allocations in retail portfolios; Another mega-CV closes; ESG, DEI become less of an operational priority on both sides of the aisle.
Side Letter: 'It ends badly'NYC's (now) former CIO issues a scathing response to the ongoing 'democratisation' of private markets. Plus: AI disruption risk is leading to broken auctions and Hong Kong's wealth community is hungry for alts. Here's today's brief, for our valued subscribers only.
Side Letter: PIK-ing a winnerWhy payment-in-kind interest is sometimes unfairly maligned. Plus: Partners Group is understood to be on track for a record year of secondaries deployment. Here's today's brief, for our valued subscribers only.
Side Letter: LACERS' second chanceAnother LP heavyweight leans into the secondaries market. Plus: Why the mid-market is benefiting from a preponderance of GP-leds; and a group of UK investors embrace impact. Here's today's brief, for our valued subscribers only.
Side Letter: Lead buyer desireIn a secondaries-flavoured edition of Side Letter, we explore why some buyers are rethinking their desire to be lead buyer. Plus: secondaries volume's 6x growth estimate, and Golub's GP-led strategy. Here's today's brief, for our valued subscribers only.
Side Letter: Fund finance inflowsLP capital looks set to play a significant role in the rampant expansion of the fund finance universe. Plus: a $70bn pension is cutting its private equity allocation; and why LPs should investigate GPs' understanding of AI sustainability risks. Here's today's brief, for our valued subscribers only.
Side Letter: 'Dumb money'A potential influx of 'dumb money' has ruffled feathers among some existing LPs. Plus: A look at how tariffs disrupted H1 investment values; and a $43 billion pension is doubling down on private equity. Here's today's brief, for our valued subscribers only.