LACERA to put up $220 million into 2 alts funds
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Los Angeles County Employees Retirement Association, Pasadena, Calif., committed up to about $220 million to two alternative investment funds, the $65.5 billion pension fund reported.
In closed session Wednesday, the board committed up to €100 million ($119.1 million) to Antin Mid Cap Fund I, a real assets fund focusing on middle-market opportunistic infrastructure investments mostly in Europe with some investments in North America. The fund is managed by
Antin Infrastructure Partners.
LACERA also committed up to $100 million to Excellere Capital Fund IV, a lower middle-market buyout fund investing in U.S. health-care companies managed by
Dealmaker One Rock Capital raises biggest ever flagship fund at $2bn hard cap Thursday, March 11, 2021
Laxman Pai, Opalesque Asia:
One Rock Capital Partners, the middle-market buyout shop, held a final close of its third middle-market buyout fund, One Rock Capital Partners III, at its $2 billion hard cap.
The firm, which focuses on manufacturing, chemicals, and auto-retail companies, exceeded its $1.5 billion target with commitments from institutional investors including pensions, insurers, and health organizations.
The latest fund, the largest fund to date, is more than twice the size of its predecessor, the $964 million One Rock Capital Partners II, said a press release from the New York-based private equity firm.
One Rock Capital hits $2 billion hard cap with third buyout fund
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One Rock Capital Partners held a final close of its third middle-market buyout fund, One Rock Capital Partners III, at its $2 billion hard cap, a spokesman said in an email.
The latest fund is more than twice the size of its predecessor, the $964 million One Rock Capital Partners II.
One Rock makes control investments in companies in sectors, including manufacturing, chemicals, business services and auto retail.
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Los Angeles County Employees Retirement Association is planning to launch a request for proposal for a private equity consultant before the end of January.