LACERA approves $180m in commitments

The US public pension has backed a couple of infrastructure funds.

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.

The commitments comprise €100 million to Pan-European Infrastructure Fund III and $60 million to Grain Spectrum Holdings III.

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.

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