LACERS moves closer to greenlighting secondary PE sales

private equity, Los Angeles Fire & Police Pensions, pension fund
The 10/110 freeway interchange is seen in Los Angeles, California July 16, 2011. REUTERS/Eric Thayer (UNITED STATES - Tags: TRANSPORT) - RTR2OYMC
Los Angeles City Employees’ Retirement System moved a step closer to its first-ever secondary sales, introducing a new policy at its January investment committee meeting that would enable such sales. Secondary sales could help the $17 billion retirement system consolidate ...

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