Assets under management: $20.6 billion, as of June 30, 207, up from $18.5 billion the prior year
Target allocation to PE: 9%, as of March 31, 2018
Actual allocation to PE: 12%, as of March 31, 2018
Why this is important: The portfolio of 2013 to 2015 vintages is uninspiring, with just four funds having IRRs in the double digits.
Funds from New Enterprise Associates, DFJ and Oak HC/FT Partners top an emerging venture-capital portfolio at Los Angeles Fire and Police Pension System. The portfolio, with vintages of 2013 to 2015, is made up largely of midsized funds and a mix ...