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LACERA allocates $100m for co-investment program

The $55.8bn US public pension continues to invest with Morgan Stanley AIP.

14 February 2018

The Los Angeles County Employees’ Retirement Association (LACERA) committed an additional $100 million to Morgan Stanley Alternative Investment Partners, the manager of LACERA’s private equity co-investment program.

The $55.8 billion US public pension has a 10% target allocation to private equity that currently stands at 9.3%.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.

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