US pension fund LACERS commits $50m to GGV Capital funds

US pension fund LACERS commits $50m to GGV Capital funds

Los Angeles. Photo by Owen Lystrup on Unsplash

US pension fund Los Angeles City Employees’ Retirement System (LACERS) has committed up to $50 million to funds managed by venture capital firm GGV Capital, according to a document from a recent board meeting.

Edited by: Deepshikha Monga