Institution: Los Angeles County Employees’ Retirement Association
Headquarters: Pasadena, United States
AUM: $59.84 billion
Allocation to alternatives: 24.7%
Los Angeles County Employees’ Retirement Association has committed $180 million across two infrastructure vehicles, according to its September 2020 investment board meeting documents.
As illustrated below, LACERA allocates 2.9 percent of its full investment portfolio to infrastructure. The pension’s recent commitments to infrastructure have focused primarily on the energy sector across multiple regions.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.