Los Angeles County Employees Retirement Association, Pasadena, Calif., disclosed two new commitments totaling up to $975 million.
The $73.8 billion pension fund's board of investments at its Dec. 8 closed session approved investments in Silver Rock Financial's Tactical Allocation Strategy totaling $775 million, and a commitment of up to $200 million to Partners Group Direct Infrastructure 2020, according to a report on LACERA's website.
For the Silver Rock Financial investment, $600 million will be allocated to the strategy's primary portfolio, while $175 million will be allocated to a co-investment portfolio, the report said.
The Partners Group fund is a real assets fund with a focus in communication, energy infrastructure, renewable power, social infrastructure, transportation and water management, primarily in Europe and North America, the report said.
