San Mateo County Employees' Retirement Association, Redwood City, Calif., committed $25 million to LS Power Equity Partners V.
The $5.9 billion pension fund's board approved the commitment to the private equity energy fund managed by LS Power Equity Advisors at its April 25 meeting, according to a news release on its website.
The pension fund previously committed $20 million to LS Power Equity Partners IV in 2018.
As of March 31, the actual allocation to private equity was 6.5%; the target is 7%.
Michael Coultrip, chief investment officer, could not be immediately reached for further information.