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FUNDRAISING NEWS | August 21, 2024

LACERA Commits $700M to Private Equity, Hedge Funds

Tags: Pension Funds, Alternative Insights, Private Equity, Hedge Funds

The Los Angeles County Employees’ Retirement Association approved five commitments totaling $700 million to private equity and hedge fund exposures, according to materials from the August 14th Board meeting. 

In private equity, $150 million was committed to Kingswood Capital Opportunities Fund III, $150 million to Lightyear Fund V, $57 million to Sterling Investment Partners Co-Invest, and $100 million to Centerbridge Capital Partners Co-Invest. 

Additionally, $250 million was committed to Man AHL Alpha.

As of June 2024, the fund was valued at approximately $78.9 billion. 

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace! New call-to-action

Written By: Helen Bascom, Marketing Associate

Helen Bascom is a Marketing Associate at Dakota.

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