Private equity allocations totaled $300m. LACERA committed $50m to Jungle Ventures V, focusing on early-stage investments in high-growth companies. It also allocated $150m to Thoma Bravo XVI and $100m to Thoma Bravo Discover V, both funds concentrating on technology-driven investments. In private credit, LACERA allocated $500m to Siguler Guff & Company and $775m to Centerbridge Partners. Both investments will be executed as managed accounts under Innocap's oversight, leveraging the pension's Dedicated Managed Account platform. In fixed income, the pension committed $600m to Mariner Atlantic Multi-Strategy, a global fund designed to deliver stable returns across market cycles. Real estate investments included $25m allocated to IDR Core Property Index Trust, targeting high-quality property assets. These commitments highlight LACERA's balanced approach to leveraging private market opportunities while enhancing the diversification and resilience of its portfolio. With strategic...
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