Los Angeles City Employees' Retirement System committed a total of up to $395 million to alternative funds, the $23.8 billion pension fund reported.
LACERS committed a combined $110 million to four Quantum Capital Group's funds: $50 million to buyout fund Quantum Capital Solutions II and $10 million to its co-investment vehicle, Quantum Capital Solutions II Co-Investment Fund; $43 million to traditional and sustainable energy fund Quantum Energy Partners VIII and $7 million its co-investment vehicle Quantum Energy Partners VIII Co-Investment Fund.
Pension fund officials also committed up to $100 million to ICG Senior Debt Partners Fund 5-C, which invests in senior loans for lower- and upper-middle-market companies in European developed markets and is managed by Intermediate Capital Group. The pension fund also committed up to $50 million to Stellex Capital Partners III, a North American and European industrial sector middle-market buyout fund managed by Stellex Capital Management and up to $40 million in Mill Point Capital Partners III, a North American middle-market buyout fund.
LACERS also committed up to $35 million to real estate fund Principal Data Center Growth & Income Fund managed by Principal Global Investors; up to $35 million to real estate fund WCP NewCold III, an opportunistic real estate fund concentrating on temperature-controlled storage facilities managed by Westport Capital Partners; and $25 million to a mezzanine fund Centre Lane Credit Partners III managed by Centre Lane Partners.
