Institution: Los Angeles County Employees’ Retirement Association
Headquarters: Pasadena, US
AUM: $59.96 billion
Allocation to alternatives: 25.3%
Los Angeles County Employees’ Retirement Association has committed $70 million to Ampersand Continuation Fund, according to the pension’s December 2020 investment board meeting document.
As illustrated below, LACERA’s secondaries fund commitments have focused on the private equity and venture capital sectors across North America and Western Europe. The pension currently allocates 25.3 percent of its full investment portfolio to alternative investments.
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