The Los Angeles County Employees’ Retirement Association has approved three alternative investments totaling up to $321.4 million.
Up to $125 million was committed to the private equity fund, Ara Fund III.
Within real assets, $75 million was committed to Appian Natural Resources Fund III. In addition, $75 million was approved for Appian LACERA Co-Invest Fund III.
A secondary purchase of $46.4 million in TIAA-CREF Global Agriculture II fund was also approved at the May 10 meeting.
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