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FUNDRAISING NEWS | September 19, 2023

LACERA Commits $75M to Private Equity

Tags: Pension Funds, Alternative Insights, Private Equity

The Los Angeles County Employees’ Retirement Association approved the allocation of up to $75 million to Innovation Endeavors V, according to a report from the September 13th meeting. 

Innovation Endeavors V is an early-stage venture capital fund that will invest in industrials, life sciences, health care delivery, vertical software, computing infrastructure, and climate.

As of June 30, 2023, LACERA allocates 18.3% to private equity. 

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!

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Written By: Jane Bailey, Marketing Associate

Jane Bailey is a Marketing Associate at Dakota.

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