Institution: Los Angeles County Employees’ Retirement Association
Headquarters: Pasadena, US
AUM: $63.85 billion
Allocation to alternatives: 25.6%
Los Angeles County Employees’ Retirement Association has committed $200 million across three private equity vehicles, according to the pension’s January 2021 investment board meeting report.
As illustrated below, LACERA’s recent private equity commitments have been to buyout and venture capital vehicles within North America and Europe. The pension currently allocates 12.3 percent of its full investment portfolio to private equity.
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