LACERA decreases venture capital allocation range, but experts say it doesn’t signal a trend

The Los Angeles County Employees Retirement Association (LACERA) voted to decrease its allocation range to venture capital at a March 13 meeting. The board of investments voted to decrease its allocation range to venture capital and growth equity from between 15% and 30% of the pension system’s private equity portfolio, to between 5% and 25%. […] © 2024 TechCrunch. All rights reserved. For personal use only.

Mar 19, 2024 - 09:37

LACERA decreases venture capital allocation range, but experts say it doesn’t signal a trend

The Los Angeles County Employees Retirement Association (LACERA) voted to decrease its allocation range to venture capital at a March 13 meeting. The board of investments voted to decrease its allocation range to venture capital and growth equity from between 15% and 30% of the pension system’s private equity portfolio, to between 5% and 25%. […]