Featured

LACERS approves new PE commitments

The US pension has backed two new buyout funds.

-

Name: Los Angeles City Employees’ Retirement System
Headquarters: Los Angeles, US
AUM: $21.3 billion
Allocation to private equity: 17.95%

Los Angeles City Employees’ Retirement System has committed to two new buyout funds, as revealed at its 28 February board meeting.

The pension fund committed up to €76 million to Vitruvian Investment Partners V, a buyout fund targeting investment in Western Europe. Furthermore, a commitment of up to $60 million was made to GTCR XIV. Fund XIV targets investments into Healthcare, TMT and business and financial services.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.