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.
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.
