LAFPP reaffirms conviction in lower mid-market, emerging managers despite portfolio underperformance
Head of PE at $38bn pension system believes portfolio’s distributions have fared well in a difficult period for LPs with hefty PE allocations.
Head of PE at $38bn pension system believes portfolio’s distributions have fared well in a difficult period for LPs with hefty PE allocations.
BELLINGS Intelligence Score: 22
Why it matters
LAFPP's reaffirmation of commitment to lower mid-market and emerging managers despite underperformance is a notable stance within private equity investing but represents routine portfolio positioning rather than a market-moving or structural event.
Sources
Buyouts
LAFPP reaffirms conviction in lower mid-market, emerging managers despite portfolio underperformance
Head of PE at $38bn pension system believes portfolio’s distributions have fared well in a difficult period for LPs with hefty PE allocations.
Private Equity International
LA Fire and Police Pension reaffirms conviction in lower mid-market, emerging managers
Head of PE at $38bn pension system believes portfolio’s distributions have fared well in a difficult period for LPs with hefty PE allocations.