LACERA expands into Latin America by anchoring CVCI-spinout

A fishing boat is seen during a sunset in Mazatlan December 27, 2012. REUTERS/Stringer (MEXICO - Tags: ENVIRONMENT) - RTR3BXS7
  • Lacera commits $125 mln to Australis's debut fund
  • First major foray into LatAm PE
  • Fund targets $350 mln; has raised $310 mln so far
Los Angeles County Employees Retirement Association made its first major foray into Latin American private equity by anchoring a first-time fund focused on investments in the region. LACERA, with about $50 billion in assets, committed $125 million to Australis Partners’ debut fund last ...

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