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%.
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