Los Angeles Fire and Police audit report IRRs, find no fault

LAFPP, Los Angeles Fire and Police Pensions, pension fund, private equity, Portfolio Advisors
  • RVK, staff reviewed IRRs presented by Portfolio Advisors
  • Reported returns found correct
  • LAFPP one of several LPs to review PE fees, cash flows
Los Angeles Fire and Police Pensions found no fault with internal rates of return calculated by private equity consultant Portfolio Advisors, according to audit materials published in the pension’s Jan. 5 meeting materials. The review was conducted by RVK, the ...

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