LACERA approves $160m commitment

The US public pension has backed a North America focused fund.

Institution: Los Angeles County Employees’ Retirement Association
Headquarters: Pasadena, United States
AUM: $59.76bn
Allocation to alternatives: 23.30%
Bitesize: $50-$100m

Los Angeles County Employees’ Retirement Association announced a commitment of $160 million to Clearlake Capital Partners VI, a contact at the pension informed Private Equity International.

As illustrated in the charts below, the $59.76 billion US public pension has a 23.30 percent allocation to alternative investments.

LACERA has made seven commitments to funds with a 2019 vintage, which combined constitute $800 million.

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