LACERS approves $147.4‬m in commitments

The US public pension has backed five funds across diversified sectors.

Institution: Los Angeles City Employees’ Retirement System
Headquarters: Los Angeles, United States
AUM: $17.14bn
Allocation to alternatives: 21.90%

Los Angeles City Employees’ Retirement System has announced commitments of $40 million to MBK Partners V, $30 million to Vista Foundation Fund IV, €17.50 million ($19 million) to HgCapital 9 (Hg Genesis 9), $20 million to Hg Saturn 2 and $38.40 million to General Catalyst Group X, according to the pension’s May meeting packet.

The $17.14 billion public pension has a 14.0 percent target allocation to private equity that currently stands at 11.60 percent.

As illustrated in the charts below, LACERS devotes 21.90 percent of its full investment portfolio to alternative assets. The pension has a strong appetite for vehicles that focus on Europe and North America.

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