LACERA plans $1.5 bln for PE in 2017

Lacers, Los Angeles County Employees Retirement Association, pension fund, private equity, Portfolio Advisors
  • New commitments may target emerging markets, niche strategies
  • Commitment pace could go as high as $1.8 bln
  • PE portfolio netting five-year annualized return of 12.7 pct
Los Angeles County Employees Retirement Association greenlit an investment plan that will allow around $1.5 billion of private equity commitments in 2017, spokeswoman Linda Ghazarian said. LACERA sets loose parameters around its commitment pace to account for changing market conditions or ...

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