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.
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