LACERA commits additional $100 million to Capri Capital Partners
The $39.2 billion Los Angeles County Employees Retirement System (LACERA) has approved an additional $100 million commitment to separate account manager Capri Capital Partners.
Following the additional commitment, LACERA’s investment with Capri has increased from $300 million to $400 million, according to John McClelland, principal investment officer at the pension fund.
According to documents provided by LACERA, Capri has identified a new core investment that costs $100 million. This investment would exceed the emerging manager limit of $300 million, but Capri’s positive performance for LACERA has encouraged the pension fund to approve the increase in capital commitments, effe