LACERA Commits $75M to 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!