LACERA Commits ~$695M across PE, Real Estate, Infrastructure Funds

The Los Angeles County Employees' Retirement Association (LACERA) has allocated approximately $695M in new commitments across private equity, real estate, and private infrastructure, per recently published minutes from its October 9 investments board meeting.

In private equity, LACERA said it approved a secondary commitment of $120M to middle-market buyout SEP Diamond Fund LP, a co-investment commitment of $95M alongside board-approved manager Summit Partners, and up to $150M to lower-middle-market buyout Mill Point Capital Partners III.

The pension also approved commitments of €200M (~$220M) to global private infrastructure vehicle InfraVia European Fund VI SCSp and €100M (~$110M) to real estate co-investment Green Oak SCSp.

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