Los Angeles City Employees' Retirement System committed to two funds

LACERS committed $15 million to Spark Capital Growth II and EUR26.5 million to BC European Capital X.

Los Angeles City Employees' Retirement System has approved $15 million to Spark Capital Growth II, a venture capital firm that targets media and technology industry in the US.

The retirement system also earmarked EUR26.5 million to BC European Capital X, a EUR7 billion buyout fund managed by BC Partners Limited.

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