--- title: LACERS Commits $205M to Private Equity, Venture Capital description: LACERS Commits $205M to Private Equity, Venture Capital image: https://dakotafunds.com/hubfs/Imported_Blog_Media/los_angeles-Dec-09-2021-06-47-05-34-PM-1.jpg --- [![dakota_logo](https://dakotafunds.com/hs-fs/hubfs/dakota_logo.png?width=150&height=44&name=dakota_logo.png) ](https://dakotafunds.com) - [ About ](https://dakotafunds.com/about-us) - [ Team ](https://dakotafunds.com/team-update) - [ Partners ](https://dakotafunds.com/clients) - [ Contact ](https://dakotafunds.com/contact-us-update) [![dakota_logo](https://dakotafunds.com/hs-fs/hubfs/dakota_logo.png?width=150&height=44&name=dakota_logo.png) ](https://dakotafunds.com) ** - [ About ](https://dakotafunds.com/about-us) - [ Team ](https://dakotafunds.com/team-update) - [ Partners ](https://dakotafunds.com/clients) - [ Contact ](https://dakotafunds.com/contact-us-update) # LACERS Commits $205M to Private Equity, Venture Capital **Written by: ** Koncheng Moua, Director of Data Management and Strategy ![](https://dakotafunds.com/hubfs/Imported_Blog_Media/los_angeles-Dec-09-2021-06-47-05-34-PM-1.jpg) The Los Angeles County Employees’ Retirement System has disclosed nine new private equity and venture capital investments totaling up to $205 million. $25 million was committed Oceansound Partners Fund II, a buyout fund. $20 million was committed to the venture capital fund, Ulu Ventures Fund IV. $30 million was committed to ICG Strategic Equity Fund V, a secondaries strategy. Two Genstar funds received allocations, $35 million was committed to Genstar Capital XI and $25 million was committed to the Genstar XI Opportunities Fund. $5 million was allocated to Mayfield Select III, and an additional $5 million was allocated to Mayfield XVII, both are venture capital funds. Lastly, $40 million was committed to KPS Special Situations Fund VI, and $20 million was invested in KPS Special Situations Mid-Cap Fund II, both are buyout funds. LACERS private equity consultant, Aksia, assisted with the investments. As of May 31, 2023, the $21 billion Retirement System has an actual and target allocation to private equity of 19.08% and 16% respectively. *For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a *[free trial](https://www.dakota.com/free-trial)* of Dakota Marketplace!* ** 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) ### Recent Posts [EP Wealth Acquires Wacker Wealth Partners](https://dakotafunds.com/dakota-funds/fundraising-news/ep-wealth-acquires-wacker-wealth-partners) April 04, 2024 [JTP Capital Seeking Fundraising and CRM Database Management Assistant](https://dakotafunds.com/dakota-funds/fundraising-news/jtp-capital-seeking-fundraising-and-crm-database-management-assistant) April 04, 2024 [$700M Merrill FAs Depart to Sanctuary](https://dakotafunds.com/dakota-funds/fundraising-news/700m-merrill-fas-depart-to-sanctuary) April 03, 2024 [Greenbacker Capital Seeking Internal Sales Representative](https://dakotafunds.com/dakota-funds/fundraising-news/greenbacker-capital-seeking-internal-sales-representative) April 03, 2024 [NY Common Commits $550M to Venture Capital, Real Estate](https://dakotafunds.com/dakota-funds/fundraising-news/ny-common-commits-550m-to-venture-capital-real-estate) April 03, 2024 ## Related Blogs October 30, 2023 #### Miami Beach Fire & Police Pension Commits $20M to Private Equity The Miami Beach Fire & Police Pension Fund disclosed three recent commitments to private equity... 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[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/oklahoma-police-pension-commits-20m-to-private-equity) ![footerLogo](https://dakotafunds.com/hubfs/footerLogo.svg) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Koncheng Moua, Director of Data Management and Strategy", "url" : "https://dakotafunds.com/dakota-funds/author/koncheng-moua-director-of-data-management-and-strategy" }, "dateModified" : "2024-04-04T20:35:08.519Z", "datePublished" : "2023-08-21T04:00:00.000Z", "headline" : "LACERS Commits $205M to Private Equity, Venture Capital", "image" : [ "https://dakotafunds.com/hubfs/Imported_Blog_Media/los_angeles-Dec-09-2021-06-47-05-34-PM-1.jpg" ], "mainEntityOfPage" : { "@id" : "https://dakotafunds.com/dakota-funds/fundraising-news/lacers-commits-205m-to-private-equity-venture-capital", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject" }, "name" : "Dakota Funds Group" } } ```