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SamCERA approves $20m commitment

The US public pension has backed a North America-focused fund.

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San Mateo County Employees’ Retirement Association (SamCERA) approved a $20 million capital commitment to LS Power Fund IV, as part of SamCERA’s infrastructure portfolio within private real assets.

The $4 billion US public pension has a 5.7 percent allocation to private equity and 1.4 percent allocation to private real assets.

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