--- title: LACERS Commits $315M to Private Equity Funds description: LACERS Commits $315M to Private Equity Funds. image: https://dakotafunds.com/hubfs/Imported_Blog_Media/venti-views-cHRDevKFDBw-unsplash.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 $315M to Private Equity Funds **Written by: ** Koncheng Moua, Director of Data Management and Strategy ![](https://dakotafunds.com/hubfs/Imported_Blog_Media/venti-views-cHRDevKFDBw-unsplash.jpg) The Los Angeles City Employees’ Retirement System has disclosed up to $315 million in commitments across 7 private equity funds, according to meeting materials from the August 23 board meeting.  **Buyout** $60 million was committed to Advent International GPE X. LACERS has committed $175 million across six Advent funds previously. $40 million was committed to HG Genesis 10A, which will focus on European buyouts. Nordic Capital Fund XI was allocated €45.2 million (approximately $50 million). Fund XI targets control investments in upper-middle market businesses.  **Venture Capital** $50 million was committed to Oak HC/FT Partners V, a multi-stage venture capital strategy. LACERS has previously committed $85 million across four Oak HC/FT funds. In addition, technology-focused venture capital strategy, Bessemer Venture Partners XII Institutional was awarded a $25 million allocation. **Growth Equity** $60 million was committed to TCV XII, managed by Technology Crossover Ventures. TCV XII invests in enterprise and consumer technology companies in North America and Europe. Finally, $30 million was allocated to L2 Point Opportunities I. The Fund will focus on structured equity investments in growth-stage companies.  LACERS private equity consultant, Aksia, assisted with the recommendations. As of May 31, 2022, the $21 billion Retirement System has an actual and target allocation to private equity of 21.69% and 21% respectively. *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)!* 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 January 12, 2023 #### Louisiana TRS Commits $300M to Alts The Teachers’ Retirement System of Louisiana has approved four alternative investments totaling up... 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[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/oregon-commits-300m-to-private-markets) ![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" : "2024-04-04T23:20:05.367Z", "datePublished" : "2022-08-26T04:00:00.000Z", "headline" : "LACERS Commits $315M to Private Equity Funds", "image" : [ "https://dakotafunds.com/hubfs/Imported_Blog_Media/venti-views-cHRDevKFDBw-unsplash.jpg" ], "mainEntityOfPage" : { "@id" : "https://dakotafunds.com/dakota-funds/fundraising-news/lacers-commits-315m-to-private-equity-funds", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject" }, "name" : "Dakota Funds Group" } } ```