US pension fund commits $65m to Joy Capital's China-focused venture funds

US pension fund commits $65m to Joy Capital's China-focused venture funds

Shanghai, China. Photo by Merlin Kraus on Unsplash

The Los Angeles County Employees’ Retirement Association (LACERA) committed $65 million to two funds managed by China-based venture capital firm Joy Capital in June, according to a recently approved board meeting document.

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