LACERA approves 2024 agriculture pacing plan

The US public pension fund will commit $650m to natural resources in 2024.

Institution: Los Angeles County Employees’ Retirement Association
Headquarters: Pasadena, US
AUM: $72.2 billion
Allocation to agriculture: 3.0%

Los Angeles County Employees’ Retirement Association (LACERA) has approved its investment team’s proposal for its 2024 agriculture pacing plan. The pension is aiming to reach a 3 percent allocation to private natural resources by 2027, with $650 million in commitments expected in both 2024 and 2025, comprised of $150 million to agriculture and mining, and $500 million to energy.

 

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