Los Angeles County commitments surge with $390 mln to three new funds

Los Angeles City Employees’ Retirement System, Bain Capital, private equity, pension fund
The skyline of downtown Los Angeles through a layer of smog is seen in the distance from a rooftop in Hollywood, California, May 31, 2006. U.S. environmental regulators proposed on January 7, 2010 stronger standards on lung and heart disease-causing smog that could cost industry up to $90 billion to implement. REUTERS/Fred Prouser/Files (UNITED STATES - Tags: ENVIRONMENT BUSINESS) - RTR28N0R
  • LACERA commitments surpass $1 bln
  • Almost a third of LACERA’s total commitments belong to 2014-2017 vintage funds
  • LACERA PE program valued at $4.9 bln
Los Angeles County Employees Retirement Association at its August meeting committed roughly $390 million to three new private equity funds, which could bring its total commitments for the year north of $1 billion. Last week, the LACERA board of investments ...

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