Louisiana District Attorneys Association Retirement System, Baton Rouge, decided not to make any venture capital commitments "at this time," said Ed Ware, chairman of the board. John Vann, the fund's consultant with Rushmore Investments, "strongly urged" committing $2 million to Louisiana Ventures, but most of the board voted against the commitment after a Wednesday presentation from the venture capital firm, expressing concerns about risk, Mr. Ware said.
The board of the $175 million pension plan is "continuing to study (venture capital) and will make a decision in the future," said Mr. Ware. The board will likely hear a presentation from the Louisiana Fund, a venture capital fund created by the Louisiana State University Research and Technology Foundation, at the board's Feb. 8 meeting.
