LACERS Rescinds Citifront Fund Commitment

The Los Angeles City Employees’ Retirement System has rescinded a $5 million commitment to Citifront Capital Partners, a small and mid-market buyout fund-of-funds. The move came at the recommendation of LACERS consultant PCA, based on the fact that Citifront had failed to secure a minimum of $50 million in capital commitments (including LACERS’ commitment). Here’s the document: citifront_lacers