Institution: Los Angeles County Employees’ Retirement
Headquarters: Pasadena, United States
Allocation to alternatives: 29.4%
Los Angeles County Employees’ Retirement (LACERA) has agreed to commit $100 million into Bain Capital Real Estate Fund I, according to a contact at the pension.
The $54.84 billion US public pension has a 11 percent target allocation to real estate that currently stands at 11.20 percent.
As illustrated in the charts below, LACERA’s private real estate investments tend to focus on vehicles with value-add or opportunistic strategies in Asia-pacific, North America and Western Europe.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.