Institution: Los Angeles County Employees’ Retirement Association
Headquarters: Pasadena, United States
AUM: $54.84bn
Allocation to alternatives: 29.4%
Bitesize: $50-100m
Los Angeles County Employees’ Retirement Association has agreed to commit up to $150 million to Advent International GPE IX, as confirmed in an email to Private Equity International. The global buyout and growth equity fund is managed by Advent International.
The $54.84 billion public pension has a 10 percent target allocation to private equity that currently stands at 10.30 percent.
As illustrated in the charts below, LACERA has made several commitments to private equity funds with a 2018 vintage which combined constitute $715 million.
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: subscriptions@peimedia.com.
