LACERA approves 2024 infrastructure pacing plan

The US public pension fund will commit $900m to infrastructure in 2024.

Institution: Los Angeles County Employees’ Retirement Association

Headquarters: Pasadena, US
AUM: 
$72.2 billion
Allocation to infrastructure:
5.5%

Los Angeles County Employees’ Retirement Association (LACERA) has approved the 2024 infrastructure pacing proposed during its December 2023 Board of Investments meeting. It’s aiming to reach a 5 percent allocation to private infrastructure by 2027, with $900 million in commitments expected in 2024 ($600 million core, $300 million non-core), and $600 million in 2025 ($300 million core, $300 million non-core).

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