Searches and Hires

San Mateo County slates $20 million for LS Power

San Mateo County Employees' Retirement Association, Redwood City, Calif., committed $20 million to LS Power Equity Partners IV, an energy private equity fund managed by LS Power Equity Advisors.

An announcement on the $4.3 billion pension fund's website said the action was approved at the board's Feb. 27 meeting.

As of Dec. 31, the pension fund had an asset allocation of 22.9% U.S. equity, 21.5% fixed income, 20% international equity, 7.3% risk parity, 7.1% real estate, 6% hedge funds, 6.1% liquid pool, 5.7% private equity, 1.9% treasury inflation-protected securities, 1.4% private real assets, and the remainder in cash.

Michael Coultrip, chief investment officer, could not be reached for additional information.