Key Takeaways
- • Los Angeles County Employees' Retirement Association and two Los Angeles city pension plans have collectively committed $556 million to private equity funds, according to Pensions & Investments.
- • The commitments were reported by Rob Kozlowski of Pensions & Investments on July 22, 2026.
- • Publisher context indicates the Los Angeles Fire & Police Pension System has closed on two private equity investments totaling about $90 million, with further items on the agenda for its August 18 board meeting.
- • LACERA's board approved a $200 million commitment to a private equity fund, per the publisher's board meeting materials.
- • The Los Angeles City Employees' Retirement System, an $8.2 billion plan, may commit up to $850 million to private equity next year and is considering a co-investment program.
Summary
The Los Angeles County Employees' Retirement Association (LACERA) and two Los Angeles city pension plans have committed a combined $556 million to private equity funds, according to a July 22, 2026 report by Pensions & Investments (P&I). The commitments were first reported by P&I's Rob Kozlowski and are part of the pension systems' ongoing private equity programs.
Publisher context from P&I's own coverage provides additional detail on the individual programs. The Los Angeles Fire & Police Pension System (LAFPP) has closed on two private equity investments, according to meeting materials for its August 18 board meeting. LAFPP's Private Equity Specialized Manager Program had committed approximately $1.2 billion with 84 emerging private equity managers as of December 31, 2024. LACERA's board approved a $200 million commitment to a private equity fund.
Separately, P&I has reported that the $8.2 billion Los Angeles City Employees' Retirement System may commit up to $850 million to private equity next year and is considering implementing a co-investment program. The Los Angeles City pension plans have been pacing their private equity allocations more slowly, according to the same coverage. Earlier P&I reporting on a $75 million commitment to three funds noted that more than half of that allotment went to a private equity fund targeting European technology firms.
The primary article does not break out the $556 million by individual plan, and the publisher context items reference different dates and commitment periods, so the figures above should be read as separate reported commitments rather than components of the single $556 million total.
Publisher context from P&I's own coverage provides additional detail on the individual programs. The Los Angeles Fire & Police Pension System (LAFPP) has closed on two private equity investments, according to meeting materials for its August 18 board meeting. LAFPP's Private Equity Specialized Manager Program had committed approximately $1.2 billion with 84 emerging private equity managers as of December 31, 2024. LACERA's board approved a $200 million commitment to a private equity fund.
Separately, P&I has reported that the $8.2 billion Los Angeles City Employees' Retirement System may commit up to $850 million to private equity next year and is considering implementing a co-investment program. The Los Angeles City pension plans have been pacing their private equity allocations more slowly, according to the same coverage. Earlier P&I reporting on a $75 million commitment to three funds noted that more than half of that allotment went to a private equity fund targeting European technology firms.
The primary article does not break out the $556 million by individual plan, and the publisher context items reference different dates and commitment periods, so the figures above should be read as separate reported commitments rather than components of the single $556 million total.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.