Institution: Los Angeles County Employees’ Retirement Association
Headquarters: Pasadena, United States
Allocation to alternatives: 28.70%
Los Angeles County Employees’ Retirement Association has confirmed $187 million-worth of private equity commitments to two vehicles, a contact at the pension informed Private Equity International.
The commitments comprise of $150 million to One Rock Capital III, managed by One Rock Capital Partners, and $37 million to Summit Partners Europe Growth Equity Fund III, managed by Summit Partners.
The $60.67 billion US public pension has a current allocation of 28.70 percent to alternative investments.
As illustrated below, LACERA has made ten commitments to private equity funds with a 2019 or 2020 vintage, which combined constitute $1.03 billion.
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