The Los Angeles County Employees’ Retirement Association has approved $300 million in alternative investments across three funds.
$150 million was approved for private equity fund, STG VII.
Another $150 million was split between two natural resources funds managed by Sprott Asset Management. $100 million was approved for Sprott Private Resources Streaming and Royalty Annex (US) fund. And $50 million was committed to a dedicated co-investment vehicle named Sprott Private Resources Streaming and Royalty Annex (LACERA Co-invest).
The new investments were approved at the January 11 board meeting according to recently released meeting minutes.
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