Institution: Los Angeles County Employees’ Retirement Association
Headquarters: Pasadena, US
AUM: $71.98 billion
Allocation to alternatives: 26.7%
Los Angeles County Employees’ Retirement Association has committed up to $250 million across two private equity vehicles at its September 2021 investment board meeting, a contact at the pension informed Private Equity International.
As of 30 July, the value of its private equity portfolio was approximately $9.9 billion, which accounted for 13.7 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 and Europe.
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