The $59B pension fund has approved $500MM to the KKR Diversified Core Infrastructure Fund and a $100MM commitment to Smart Infrastructure Capital Partners Fund I, to target smart technology infrastructure.
LACERA has also issued a $100BB commitment to Bain Capital Real Estate Fund II, a fund seeking to raise $1.6B. Fund II, which is expected to mostly target US real estate, could also target regions like Europe, Asia Pacific, Australia, and India.
