Institution: Los Angeles County Employees’ Retirement Association
Headquarters: Pasadena, US
AUM: $72.71 billion
Allocation to alternatives: 27.5%
Los Angeles County Employees’ Retirement Association has committed up to $100 million to Revelstoke Capital Partners Fund III, a contact at the pension informed Private Equity International.
As of 30 September, the value of the pension’s private equity portfolio was approximately $10.3 billion, which accounted for 14.2 percent of its investment portfolio.
As illustrated below, LACERA’s recent private equity commitments have been to vehicles employing a variety of strategies targeting investments primarily in North America.
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