Los Angeles County Employees Retirement Association, Pasadena, Calif., allocated $25 million to the $1.75 billion DLJ Merchant Banking Partners II buy-out fund. DLJ and its employees are committing $600 million to the fund; limited partners are committing $1.15 billion. The $19.7 billion LACERA fund has 3% of its assets committed to alternative investments
Los Angeles County Employees Retirement Association, Pasadena, Calif....
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