Institution: Los Angeles County Employees’ Retirement Association
Headquarters: Pasadena, US
AUM: $73.75 billion
Allocation to alternatives: 30.2%
Los Angeles County Employees’ Retirement Association has committed $100 million across two agriculture vehicles, according to its April 2022 investment board meeting documents.
As illustrated below, LACERA’s recent agriculture commitments have primarily focused on Agtech and buyout vehicles in North America, Asia-Pacific and Western Europe. The pension’s current allocation to alternatives stands at 30.2 percent.
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