LACERA approves over $300m in commitments

The US public pension has backed Western Europe- and North America-focused funds.

In November 2017, Los Angeles County Employees’ Retirement Association committed up to €150 million to PAI Europe VII, a European buyout fund managed by PAI Partners, and up to $125 million to Clearlake Capital Partners V.

The $48 billion US public pension has an 11 percent target allocation to private equity that currently stands at 9.2 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.