The Los Angeles County Employees’ Retirement Association has approved an approximately €250 million (approximately $250 million) commitment to CVC Capital Partners IX.
CVC Capital Partners IX is a buyout fund with a geographic focus on Europe with some allocation to North America and the rest of the world and a sector focus on consumer, financials, healthcare, industrials, information technology, materials and communication services.
As of December 31, 2022, the $73 billion pension fund allocates 18.1% to private equity and target 17% to the asset class.
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