LACERA confirms $250m in commitments

Institution: Los Angeles County Employees’ Retirement Association
Headquarters: Pasadena, US
AUM: $66.36 billion
Allocation to alternatives: 25.4%

Los Angeles County Employees’ Retirement Association has committed $250 million across two private equity vehicles, a contact at the pension confirmed to Private Equity International.

The commitments comprised $150 million to Hellman & Friedman Capital Partners X and $100 million to Lightyear Fund V. Both commitments are re-ups with existing fund managers.

As illustrated below, LACERA’s recent private equity commitments have been to buyout and venture capital vehicles within North America and Asia-Pacific. The pension has a 10 percent target allocation to private equity that currently stands at 12.4 percent.

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