The recommended amount will help the pension fund achieve and maintain its 18% target allocation.
LACERS is targeting up to $700m of commitments in 2025.
The Baton Rogue-based pension has approved two new private equity commitments worth up to $160m.
The fund's LPs include insurance companies, endowments, foundations, asset managers and fund-of-funds, and family offices.
HarbourVest Partners, Ardian and Canada Pension Plan Investment Board were the lead investors.
As a result of this fundraising, JFLCO now has $7 billion total assets under management as of November 30, 2024.
Fund III will target financial services companies that have between $7 million and $75 million in recurring revenue.
VCP Fund I's LPs include institutional investors, former investment colleagues, and founders and CEOs from prior investment partnerships.
GPs can get much done to head off investor concerns before sitting at the negotiating table, writes communications adviser Joshua Rosen.
To achieve a target allocation of 12%, Tulare County Employees Retirement Association plans to commit $51m between 2025 and 2028.