Philadephia Board of Pensions considers LLR Partners V

The US public pension considers backing a North America-focused fund.

As of March 2017, the City of Philadelphia Board of Pensions & Investment is considering an investment in LLR Equity Partners V. Ahead of a final decision, it is in the process of considering how LLR Partners recruits, interviews and promotes within the firm.

The $4 billion US public pension has a 14 percent target allocation to private equity that currently stands at 9.3 percent.

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