
LACERA Eyes Renewable Fund
The Los Angeles County Employees Retirement Association (LACERA) committed to a renewable energy fund and a co-investment opportunity in June.
The $77 billion retirement fund made a two-pronged allocation to the real assets portfolio, which includes investments in core and non-core real estate, infrastructure, natural resources and commodities, and Treasury Inflation Protected Securities (TIPS). To date, the $12 billion program has focused primarily on real estate and infrastructure strategies.
A €200 million ($214 million) commitment has been accepted for HitecVision New Energy Fund 2, which invests in decarbonization/energy transition. Renewable power, sustainable fuels, and circular and efficient energy systems are among the target areas, with a focus on the Nordic region.
A second investment of €50 million ($54 million) was made in L/HV Opportunities, a co-investment offering with a similar approach to the main fund.
