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FUNDRAISING NEWS | February 28, 2023

LACERS commits $135M to Private Equity

Tags: Pension Funds, Alternative Insights, Private Equity

The Los Angeles City Employees’ Retirement System has allocated $135 million between two private equity funds, according to meeting materials from their February 28 board meeting.

$75 million was committed to Vitruvian Investment Partnership V, a growth equity fund managed by Vitruvian Partners. $60 million was committed to GTCR Fund XIV, a middle market buyout fund managed by GTCR.

As of September 30, 2022, the pension fund allocates 18.9% to private equity, while they target 18%.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!

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Written By: John Washington, Data Research Analyst

John Washington is the Data Research Analyst at Dakota.

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