Los Angeles County Employees Retirement Association (LACERA) has approved commitments to HitecVision and Smart Infrastructure Capital Partners funds.
The pension fund said in a meeting document that it has made a €125m commitment to Hitec Vision New Energy Fund and finalised a $100m (€99m) commitment to the Smart Infrastructure Capital Partners Fund.
The HitecVision fund is expected to target renewable energy and decarbonisation investments in Europe.
Smart Infrastructure seeks to invest globally in a variety of infrastructure sectors like environmental services, industrials, power and utilities and telecommunication.
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