---
title: LACERA Commits $575M to Private Equity
description: LACERA Commits $575M to Private Equity
---

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# [LACERA Commits $575M to Private Equity](https://dakotafunds.com/dakota-funds/fundraising-news/lacera-commits-575m-to-private-equity)

 Written by [Helen Bascom, Marketing Associate](https://dakotafunds.com/dakota-funds/author/helen-bascom-marketing-associate) | March 20, 2024

The Los Angeles County Employees’ Retirement Association approved three commitments totaling $575 million to private equity, according to minutes from the February 14th Board of Investments meeting. 

$400 million was committed to Clearlake Capital Partners VIII, $100 million to PSC Accelerator II, and $75 million to Leonard Green & Partners. 

The commitments to PSC and Leonard Green represent new relationships. The fund has an existing relationship with Clearlake. 

As of December 31, 2023, the $75 billion pension fund allocates approximately 18.2% to private equity with a policy target of 17%.

*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](https://www.dakota.com/dakota-marketplace)! *

[View full post](https://dakotafunds.com/dakota-funds/fundraising-news/lacera-commits-575m-to-private-equity)

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