Pensions
LA Pension Fund Commits $75M to 3 Funds
More than half of the allotment was earmarked for a private equity fund targeting European tech firms.
More than half of the allotment was earmarked for a private equity fund targeting European tech firms.
The pension giant also found that venture capital and growth equity have underperformed public equities.
The buyout firms are increasingly popular among institutional investors—Carlyle just raised $27 billion.
Mercer report indicates estimated aggregate deficit in April increased by $1 billion over March’s numbers.