LACERA Commits $300M to Real Estate

August 11, 2022

Written By:
Koncheng Moua, Research Data Analyst

The Los Angeles County Employees’ Retirement Association has committed $600 million across two real estate strategies, according to a report from the August 10 board meeting. 

$300 million was committed to opportunistic fund, Blackstone Real Estate Partners X. The Fund will focus on investments in the United States and Canada.

$300 million was also committed to Brookfield Strategic Real Estate Partners IV. The Fund will make opportunistic investments focused on the Americas, Europe, and Asia-Pacific.

As of June 2022, the $73 billion pension allocates approximately 1.6% to non-core private real estate.

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Tags: Pension Funds

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