Los Angeles County Employees allocates $390 million to 5 funds
Print
Los Angeles County Employees Retirement Association, Pasadena, Calif., committed a total of $390 million to five alternative investment funds, according to an executive session report on the $65.4 billion pension fund's website.
LACERA's board of investment at its Jan. 13 meeting approved commitments of up to $100 million total to venture capital funds LAV Fund VI and LAV Fund VI Opportunities, both managed by
Lilly Asia Ventures.
The board also approved commitments of up to $100 million each to Grain Communications Opportunity Fund III, a telecommunications infrastructure fund managed by
Grain Management; and buyout fund
Novacap TMT VI; and up to €75 million ($90 million) to