Publications

Investors

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

LACERA commits additional $100 million to Capri Capital Partners

by Sara Kassabian

The  $39.2 billion Los Angeles County Employees Retirement System (LACERA) has approved an additional $100 million commitment to separate account manager Capri Capital Partners. Following the additional commitment, LACERA’s investment with Capri has increased from $300 million to $400 million, according to John McClelland, principal investment officer at the pension fund.  According to documents provided by LACERA, Capri has identified a new core investment that costs $100 million. This investment would exceed the emerging manager limit of $300 million, but Capri’s positive performance for LACERA has encouraged the pension fund to approve the increase in capital commitments, effe

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?