The Los Angeles City Employees' Retirement System approved a $20 million commitment to Genesis Workforce Housing Fund II, a niche real estate fund, and up to $10 million to KH Growth Equity Fund, a late-stage venture capital fund managed by Kline Hawkes, said Dan Gallagher, CIO of the $10 billion system. Both investments are subject to final negotiations. Funding will come from cash.
The Los Angeles City Employees' Retirement System approved a $20...
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