Institution: Los Angeles County Employees’ Retirement Association
Headquarters: Pasadena, US
AUM: $66.36 billion
Allocation to alternatives: 25.4%
Los Angeles County Employees’ Retirement Association has committed $250 million across two private equity vehicles, a contact at the pension confirmed to affiliate publication Private Equity International.
As illustrated below, LACERA’s recent private equity commitments have been to buyout and venture capital vehicles within North America and Asia-Pacific. The pension has a 10 percent target allocation to private equity that currently stands at 12.4 percent.
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