Institution: Los Angeles City Employees’ Retirement System
Headquarters: Los Angeles, United States
Total AUM: $23.31 billion
Allocation to alternatives: 25.99%
Managed by the Fort Worth-based TPG, TPG Rise Climate Fund is the latest infrastructure fund in market, with a target size of $5 billion. The fund, which entered the market in June 2021, will target infrastructure investment opportunities in the North America region in the energy, transport and social infrastructure sectors.
As illustrated below, LACERS allocates 25.99 percent of its full investment portfolio to alternative investments.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.