Investing
Tuscany for $200? Private Equity Pays for State Pension Funds’ Luxury Trips
- Public fund staff travel the world for PE firm LPAC meetings
- Italy, Japan, France are among the far-flung destinations
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It could almost be an episode of White Lotus.
Two Michigan pension fund officials attended a 2018 Apax Partners event at the Four Seasons Hotel in Florence, Italy, that featured “custom tailored activities and itineraries,” including tours of the Tuscan countryside on vintage Vespa scooters and a gala dinner at the 17th Century Villa le Corti.