LACERA seeks adviser for PE secondary sale

private equity, Los Angeles Fire & Police Pensions, pension fund
  • Portfolio could include stakes in dozens of funds, per LACERA documents
  • LACERA plans to have finalists for the mandate by April or May
  • Exact size, composition of the sale remains unclear
Los Angeles County Employees Retirement Association is preparing to sell a portion of its $5.1 billion private equity program on the secondary market. LACERA’s Board of Investments approved a plan at its Jan. 10 meeting to request proposals from experienced ...

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