L.A. County fund sells interest in buyout fund

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L.A. County fund sells interest in buyout fund – Pensions & Investments







































































<br /> <!-- Swiftype Variables --> <br /> Los Angeles County Employees’ Retirement Association is selling its interest in a 2007 vintage buyout fund for $26.7 million.Arleen Jacobius<br /> <br /> Los Angeles County Employees’ Retirement Association, Pasadena, is selling for $26.7 million its interest in Resolute Fund II, a 2007 vintage buyout fund managed by the Jordan Co., according to documents on the $56.7 billion pension fund’s website.</p> <p>LACERA had committed $60 million to the fund, which has an unfunded commitment of $5.9 million. The Jordan Co. closed The Resolute Fund II in December 2007 with total capital of $3.6 billion. </p> <p>

































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