Los Angeles County Employees Retirement Association, Pasadena, Calif., made three new commitments totaling $278 million, according to a report posted on the $58.2 billion pension fund's website.
The pension fund committed up to €100 million ($118 million) to DWS Pan-European Infrastructure Fund III, an infrastructure fund managed by DWS Group; up to $100 million to STG VI, a buyout fund managed by STG Partners; and up to $60 million to Grain Spectrum Holdings III, an infrastructure fund focused on the telecommunications sector managed by Grain Management.
As of June 30, the actual allocations to its growth portfolio and its real assets and inflation hedges portfolio were 48.1% and 16%, respectively.
