Los Angeles County Employees Retirement Association, Pasadena, Calif., disclosed two new commitments totaling $950 million.
The $82.2 billion pension fund disclosed commitments of $750 million to a credit strategy managed by Onex for LACERA through a dedicated managed account, and $200 million to Insight Partners XIII, a venture capital and growth equity fund, in an executive session report from its March 12 board of investment meeting.
As of Dec. 31, the pension fund’s actual allocations to growth and credit were 50% and 10.3%, respectively; their respective targets are 50.5% and 12%.
