Los Angeles County Employees Retirement Association (LACERA) has approved a €150m commitment to DIF Capital Partners’ latest infrastructure fund.

The pension fund revealed in a meeting document that it has backed DIF Core Infrastructure Fund III (DIF CIF III}, a fund targeting mid-sized, core-plus infrastructure companies.

DIF CIF III targets both greenfield and operational investments, with a key focus on Europe and North America.

In May last year, global fund manager DIF raised €1.01bn a predecessor fund.

LACERA said it is considering committing capital to Oaktree Transportation Instructure Capital Partners.

Oaktree’s transportation infrastructure investing group seeks to make investments in North American transportation assets, businesses and infrastructure, including airports, seaports and railroads.

Back in January, IPE Real Assets reported that LACERA is planning to invest up to $850m in infrastructure funds this year.

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