Los Angeles County Retirement Association (LACERA) committed $100 million to TPG Real Estate Fund III, Christopher Wagner, Senior Investment Officer, Alternative Assets, confirmed in an email. The opportunity fund is managed by TPG.
The $55.95 billion US public pension has 11 percent target allocation to private equity real estate that currently stands at 11.20 percent.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.
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