The Los Angeles County Employees Retirement Association (LACERA) has approved a commitment of €200 million ($223 million) to the Ardian Infrastructure Fund VI and €100 million ($112 million) to a LACERA-dedicated co-investment vehicle, Ardian Infra LA Co-Invest.
Ardian Infrastructure Fund VI is an infrastructure fund managed by Ardian, targeting energy, transport and telecom investments primarily in Western Europe.
According to reports, Ardian is targeting €10 billion ($11 billion) for Fund VI. The previous fund in the series held its final close in March 2019 with €6.1 billion ($6.8 billion) of commitments.