LACERS picks TorreyCove as PE consultant, capping year-long RFP process


LACERS, Los Angeles City Employees Retirement System, TorreyCove, private equity, pension fund
A view over the Los Angeles skyline at dusk/evening with a strong search light on the right. The Los Angeles skyline at night with searchlight. Photo courtesy Thomas Faull/iStock/Getty Images.
  • LACERS board votes 6-1 to retain TorreyCove
  • Decision comes a year after previous RFP process collapsed
  • Cambridge had been selected, couldn’t meet fee limits
Los Angeles City Employees’ Retirement System awarded a five-year contract to TorreyCove Capital Partners for private equity consulting services, capping a lengthy and tumultuous search for its new consultant. The system’s board of administrators voted 6 to 1 to approve the ...

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