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.
