LACERS’ commits $50m to PE

LACERS' committed $50 million to three private equity funds

Los Angeles City Employees' Retirement System has committed $30 million to Platinum Equity Capital Partners IV, $10 million to Bain Capital Double Impact Fund and $10 million to Incline Equity Partners IV.

The $15 billion US public pension has a 10.13 percent allocation to private equity.

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