---
title: LACERS Commits $175M to Private Equity
description: LACERS Commits $175M to Private Equity.
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/RIAs%20Los%20Angeles-1-4.jpg
---

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# LACERS Commits $175M to Private Equity

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

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The Los Angeles City Employees’ Retirement System has committed up to $175 million to five private equity funds, according to the May 23 board meeting. 

Up to $50 million was committed to two venture capital funds managed by GGV Capital. Up to $40 million was committed to GGV Capital IX, and up to $10 million was committed to GGV Capital IX Plus. 

In addition, up to $25 million was committed to the buyout fund, Barings Emerging Generation Fund II, managed by Barings. Up to $40 million was committed to the buyout fund, Hellman & Friedman XI, managed by Hellman & Friedman. Lastly, up to $60 million was committed to the growth equity fund, TA XV-A, managed by TA Associates. 

As of March 31, 2023 the retirement system was valued at approximately $21.2 billion. 

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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), [Private Equity](https://dakotafunds.com/dakota-funds/tag/private-equity)

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