LACERA seeks to increase exposure to VC, international, tech funds

Los Angeles County Employees’ Retirement Association, Lacera, private equity, pension fund
The Hollywood sign is seen between palm trees and snow-dusted mountains in Los Angeles on Jan. 7, 2008. Photo courtesy of Reuters/Danny Moloshok
Los Angeles County Employees’ Retirement Association wants to increase its exposure to venture capital and international private equity funds, seeking to diversify its $5.5 billion PE portfolio. The $55.9 billion pension fund has concentrated heavily on U.S. buyouts over the ...

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