LA County’s PE program costs were $37 mln higher than reported

Lacera, Los Angeles County Employees Retirement Association, private equity, pension fund
  • LACERA PE program exceeded reported costs by $37 mln
  • Pavilion report required 3500-plus hours to dig through fee, expense data
  • LACERA: transparency, fee review “ongoing” project
Los Angeles County Employees Retirement Association’s private equity program last year cost 71 percent more than what the $52.5 billion retirement association previously reported, an external consultant report obtained by Buyouts shows. The Aug. 9 report, prepared for LACERA by Pavilion ...

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