LPs

Juggernaut Capital Partners will likely hold a final close on its third flagship fund in the first quarter, according to a limited partner memo obtained by Buyouts.

The Los Angeles City Employees’ Retirement System (LACERS) will likely commit between $325 million and $350 million to private equity in 2015, with plans to boost its exposure to small and mid-market managers, according to Jan. 13 meeting materials.

The Los Angeles County Employees Retirement Association paid roughly $43 million in management fees to private equity firms in 2014, considerably more than the $4.5 million disclosed in its annual report, according to an email from Chief Investment Officer David Kushner.

After two years in the market trying to raise its third fund, Versa Capital Management appears to be close to hitting its reduced $400 million target. The journey has not been without its bumps.

The Maine Public Employees Retirement System allocated up to $300 million to private equity and real asset co-investments at its Jan. 8 Board of Trustees meeting, according to an email from Chief Investment Officer Andrew Sawyer.

York Street Capital Partners co-founders Robert Golding and Christopher Layden have joined alternative investment manager Star Mountain Capital, according to a press release.