Los Angeles County Employees Retirement Association (LACERA) has approved a €100m commitment to the latest DWS pan-European infrastructure fund.

According to sources, DWS Pan-European Infrastructure Fund III fund, which plans a €2.5bn fundraise, has so far received €1.6bn in capital commitments. The predecessor fund raised €1.8bn in June 2017.

In a meeting document, LACERA said the latest DWS fund will target core-plus utilities, renewables, transportation, waste and energy infrastructure assets.

LACERA declined a request for further comment.

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