Q:

Is the 2-сategory of groupoids locally presentable?

I am wondering if the 2-сategory of groupoids is locally presentable.  Locally presentable means the category is accessible and co-complete.
It has been pointed out that the category of groupoids is locally presentable.  It would be useful if I could find a theorem that says that if your base category, namely groupoids, was LP, then so is the 2-category on that base.  I have done a bit of research and I cannot find anything to that effect.  I still cannot say if the 2-category of groupoids is LP.

A:

This is true. 
Since the $2$-category of groupoids is equivalent to the $2$-category of $1$-truncated spaces, the statement follows immediately from 5.5.1.8 and 5.5.6.21 in Lurie's Higher Topos Theory. 

