The $3.6 billion San Mateo County (Calif.) Employees’ Retirement Association has committed $20 million to LS Power Equity Partners IV, according to board meeting documents.
The closed-end LS Power Equity Partners IV fund is managed by LS Power Group, a developer, investor and operator of power generation, transmission and energy infrastructure projects in North America. Since its inception, LS Power has invested more than $36 billion to construct, acquire and operate such projects.
The fund will invest in energy and power assets throughout the United States.
The fund’s predecessor, LS Power Equity Partners, held a $2.075 billion final close in 2014.
