Institution: Los Angeles County Employees’ Retirement Association
Headquarters: Los Angeles, United States
Allocation to alternatives: 29.40%
The Los Angeles County Employees’ Retirement Association (LACERA) has agreed to commit $100 million to AG Asia Realty Fund IV, according to a contact at the pension. The opportunity fund, launched by Angelo Gordon, will invest in real estate throughout the Asia-Pacific region.
The $54.84 billion public pension system has a 11% target allocation to real estate that currently stands at 11.2%.
As illustrated in the charts below, LACERA has allocated capital to a diversified group of real estate funds. Its commitment to AG Asia Realty Fund IV is the first of 2019.
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