---
title: LACERA Commits up to $911M to Real Estate, Private Equity
description: LACERA Commits up to $911M to Real Estate, Private Equity.
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/los-angeles-Dec-09-2021-06-47-05-34-PM-2.jpeg
---

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# LACERA Commits up to $911M to Real Estate, Private Equity

**Written by: ** John Washington, Data Research Analyst 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/los-angeles-Dec-09-2021-06-47-05-34-PM-2.jpeg)

The Los Angeles County Employees’ Retirement Association has disclosed four new investments totaling up to $911 million in February 2023. 

Up to $600 million was allocated to the Real Estate fund, CBRE U.S. Core Partners Fund, managed by CBRE Investment Management.

In private equity, up to $161 million was committed between two buyout funds managed by Montefiore Investment. Approximately $107 million was committed to Montefiore Investment VI S.L.P. and approximately $54 million was allocated to Montefiore Investment Expansion S.L.P.. In addition, up to $150 million was committed to the buyout fund, Alpine Investors IX. 

As of December 31, 2022, the $73 billion pension fund allocates 6.2% to real estate and 18.1% to private equity. The target allocations for real estate and private equity are 6% and 17% respectively. 

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 Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [Real Estate](https://dakotafunds.com/dakota-funds/tag/real-estate), [Private Equity](https://dakotafunds.com/dakota-funds/tag/private-equity)

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