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LACERS seeks PE service providers

The California pension fund wants help with its investment activities.

Los Angeles City Employees’ Retirement System (LACERS) is soliciting proposals from qualified organisations to provide private equity consulting services.

The $15 billion US pension has a current private equity allocation of 9.96 percent against a 12 percent target allocation.

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