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LP Tearsheet

LACERS approves $50m in commitments

The US public pension has backed two North America-focused funds.

By
Karina Zinkiewicz
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Los Angeles City Employees’ Retirement System has committed $40 million to GTCR Fund XII and $10 million to NMS Fund III.

The $17 billion US public pension has a 12 percent target allocation to private equity that currently stands at 9.8 percent.

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