DJIA52065.38 -315.28
S&P 5007603.30 -33.06
NASDAQ26116.64 -136.70
Russell 20002898.93 -22.30
German DAX25401.23 -175.22
FTSE 10010609.99 -60.07
CAC 408116.76 -39.91
EuroStoxx 506269.65 -42.10
Nikkei 22565270.95 128.17
Hang Seng24954.47 -320.49
Shanghai Comp3934.40 -17.11
KOSPI7033.92 -17.72
Bloomberg Comm IDX146.29 1.15
WTI Crude-fut102.15 4.30
Brent Crude-fut101.52 4.44
Natural Gas2.80 0.00
Gasoline-fut3.36 0.14
Gold-fut4409.00 -37.00
Silver-fut64.86 -3.06
Platinum-fut1809.70 -94.70
Palladium-fut1303.50 -66.50
Copper-fut6.54 -0.32
Aluminum-spot3195.00 0.00
Coffee-fut290.75 -0.40
Soybeans-fut1327.75 19.00
Wheat-fut734.25 5.50
Bitcoin76898.84 -1098.68
Ethereum USD2438.45 -14.51
Litecoin51.96 -0.94
Dogecoin0.08 -0.01
EUR/USD1.1624 0.0003
USD/JPY153.52 -0.56
GBP/USD1.3535 -0.0001
USD/CHF0.8106 0.0009
USD IDX98.91 0.16
US 10-Yr TR4.926 0.086
GER 10-Yr TR3.506 0.0097
UK 10-Yr TR5.3854 0.0076
JAP 10-Yr TR2.91 0
Fed Funds3.75 0
SOFR3.64 0
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Alternative Assets  + Private Equity  + Real Estate  |  January 2, 2025
LACERA Adds Over $250M to PE, Real Estate Portfolios
Joe Palmisano
By: Joe Palmisano

LACERA Adds Over $250M to PE, Real Estate Portfolios

The Los Angeles County Employees Retirement Administration (LACERA) has made over $250 million in commitments to private equity and real estate in the past month, according to recent meeting documents.

The $82 billion pension fund allocated $250 million to Summit Partners’ Growth Equity Fund XII, a private equity fund focusing on venture capital and growth opportunities in growth products and services, health care and life sciences, and technology, primarily in North America.

Boston-based Summit Partners is an existing manager in the portfolio. Other investors in the fund include the Illinois Municipal Retirement Fund and the Minnesota State Board of Investment.

Within the real estate program, officials approved up to $7.5 million in NAV for a secondary investment in Clarion Lion Properties Fund, a core ODCE open-end real estate fund seeking opportunities in diversified U.S. regions. Last year, officials committed $600 million to the Clarion Partners-managed fund.

Connect

Inside The Story

Los Angeles County Employees Retirement Administration

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints