US pension fund LACERS commits up to $40m to MBK Partners Fund V

US pension fund LACERS commits up to $40m to MBK Partners Fund V

Seoul, South Korea. Photo by Emile-Victor Portenart on Unsplash.

US pension fund Los Angeles City Employees’ Retirement System (LACERS) has committed up to $40 million to North Asia-focused MBK Partners’s latest fund, according to a disclosure.