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LACERA commits $250m to infrastructure opportunities
Investors - MAY 13, 2024

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LACERA commits $250m to infrastructure opportunities

by Lewis Dayton

The Los Angeles County Employees Retirement Association (LACERA) approved commitments of $200 million to Partners Group Direct Infrastructure Fund IV and $50 million to Partners Group Rose, a co-investment vehicle, a recent meeting document shows.

Partners Group Direct Infrastructure Fund IV is a real assets fund investing in infrastructure, including sector focus in energy/water/utilities, telecom, transport and social. The fund is making investments primarily in North America and Europe.

As of February 2024, 15.6 percent ($12 billion) of LACERA’s $77 billion portfolio was allocated toward real assets & inflation hedges investments, slightly below the 17 percent allocation target set for the asset classes.

For more information about these commitments or other funds, please visit our IREI.Q database.

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