Institution: Los Angeles County Employees’ Retirement Association
Headquarters:Â Pasadena, United States
AUM:Â $57.01bn
Allocation to alternatives:Â 23.3%
Bitesize:Â $50-100m
Los Angeles County Employees’ Retirement Association committed $150 million to Accel-KKR Capital Partners VI. The buyout fund will invest in North American software and technology companies within the lower-middle market.
The US public pension has a 10% target allocation to private equity that currently stands at 9.50%.
As illustrated in the charts below, LACERA currently allocates 23.3% to alternative assets. The pension has a strong appetite for venture capital technology funds.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: 
