The Los Angeles County Employees Retirement Association (LACERA) has approved a C$200 million ($162 million) commitment to Axium's Canada open-end fund and a $250 million commitment to Axium's U.S. open-end fund.
These funds target middle-market contracted and/or regulated assets in energy infrastructure, transportation infrastructure, and social infrastructure in locations focused, respectively, in Canada and in the United States, according to a recent investment document.
LACERA could not be reached to comment on its investment activity at the time of publication.
