The Los Angeles County Employees’ Retirement Association has disclosed new investments totaling approximately $700 million, according to the April 12 board meeting.
Up to $600 million was committed to the infrastructure fund, Macquarie Global Infrastructure Fund, managed by Macquarie Investment Management.
In addition, two real asset co-investments commitments were approved. First, a $50 million co-investment commitment alongside DIF. Secondly, a $46 million co-investment commitment alongside Partners Group.
As of February 28, 2023, LACERA allocates 16.9% to Real Assets, while they target 17% to the asset class respectively.
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