---
title: LACERA Commits $80M to Private Equity
description: LACERA Commits $80M to Private Equity.
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# LACERA Commits $80M to Private Equity

**Written by: ** Koncheng Moua, Director of Data Management and Strategy 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/alex-knight-5FCE7xTc5uo-unsplash.jpg)

The Los Angeles County Employees’ Retirement Association approved a commitment of up to $25 million to both Primary Venture Partners Fund IV and Primary Select Fund III at the July 13 Board of Investments meeting.

Primary Venture Partners Fund IV is a seed stage venture capital fund that will focus on consumer and business-to-business technology start-ups in North America. Primary Select Fund III will invest in mid to later stage primary investments.

A report from the $73 billion pension fund also disclosed a $30 million co-investment alongside Atlantic Street Capital Partners. Further details of the co-investment were not available.

As of April 2022, private equity represents 17% of the total fund.

*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)!*

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 Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds)

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