Institution: Los Angeles City Employees’ Retirement System
Headquarters: Los Angeles, US
AUM: $20.8 billion
Allocation to private equity: 18.47%
The Los Angeles City Employees’ Retirement System has revealed a host of commitments in its May meeting materials.
The US public pension fund made two commitments to venture capital firm GGV Capital, with $40 million slated for GGV Capital IX, and another $10 million for GGV Capital IX Plus. Both are TMT-focused venture capital funds.
A total of $25 million was allocated to Barings Emerging Generation Fund II, as well as another $50 million towards Hellman & Friedman Capital Partners XI.
The largest commitment was made to TA XV, with the pension fund allocating $60 million to the fund.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.