LACERS considers Providence debt fund

LACERS may commit $20m to Providence’s latest debt offering. 

The Los Angeles City Employees’ Retirement System is considering a $20 million commitment to Providence Debt Opportunity Fund III, according to documents available on the retirement system’s website.

Providence Equity Partners is targeting between $500 million and $750 million for the vehicle, according to a LACERS staff report that describes the fund.

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