LACERA Allocates $350M to Private Equity, Real Assets

The Los Angeles County Employees’ Retirement Association approved three allocations to private equity and real assets totaling $350 million.

In real assets, $125 million was allocated to Orion Mine Finance Fund IV and $125 million to Orion Mine Finance Co-Fund IV. 

Additionally, in private equity, $100 million was allocated to Innovation Alpha V. 

As of December 31, 2023, the $75.8 billion pension fund has a target allocation of 17% to private equity and 5% to infrastructure. 

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