LACERA considers a $50m fund commitment

The US pension fund to raise overseas investment exposure to $545 million.

Los Angeles County Employees Retirement Association (LACERA) is looking for an approval for a $50 million commitment to Angelo, Gordon’s second Europe-focused real estate fund, AG Europe Realty Fund II.

The above commitment, to be deployed over the next four years, will be discussed at the Board meeting on March 5, 2018.

LACERA is currently allocating 11 percent of the total AUM to real estate investments.

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