Insight

LACERA approves $750m in commitments

The Pasadena-based public pension has backed seven private equity vehicles.

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Institution: Los Angeles County Employees’ Retirement Association
Headquarters: Pasadena, US
AUM: $73.75 billion
Allocation to alternatives: 30.2%

Los Angeles County Employees’ Retirement Association has approved a total of $750 million in commitments across seven private equity vehicles, according to the pension’s April 2022 investment board meeting document.

The commitments comprise $150 million to Advent International GPE X, $80 million to Cibus Fund II, $20 million to Cibus Enterprise Fund II, $200 million to Silver Lake Partners VII, $100 million to Veritas Capital Fund VIII, $150 million to Green Equity Investors IX and $50 million to Jade Equity Investors II.

The $73.75 billion pension fund has a target allocation of 17 percent towards private equity, which currently stands at 15.2 percent. Illustrated below are the recent fund commitments made by the pension fund.

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