Institution: Los Angeles County Employees’ Retirement Association
Headquarters: Pasadena, US
AUM: $69.59 billion
Allocation to alternatives: 25.7%
Los Angeles County Employees’ Retirement Association approved an increase in its infrastructure target allocation from 3 percent to 5 percent at its May investment board meeting, a contact has confirmed to Infrastructure Investor.
The US public pension also plans to add real assets to its emerging manager programme, as previously reported by Infrastructure Investor.
As illustrated below, LACERA currently allocates 2.9 percent of its investment portfolio to infrastructure. The pension’s chief investment officer is Jonathan Grabel.
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