US. LA Pension Fund Commits $75M to 3 Funds
The $23 billion Los Angeles City Employees’ Retirement System has committed $75 million to three funds within its private equity, credit and real estate portfolios. The biggest of the three investments was a commitment of up to $40 million in the Hg Saturn 4 A L.P. private equity fund. The fund will target European-based large-cap software and tech firms that have enterprise values of at least $1.5 billion and equity valuations of more than $700 million. The fund will invest in the companies...
