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%. […]
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Source: TECCRUCH

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