Los Angeles County Employees Retirement Association (LACERA) is planning to approval a $100m (€86m) commitment to the Smart Infrastructure Capital Partners Fund, the pension fund stated in a meeting document.

LACERA is expected to make a final decision next year.

The $59bn pension fund previously approved a $100m commitment to Smart Infrastructure Capital Partners Fund, to target smart technology infrastructure.

Fund manager Smart Infrastructure Capital Partners seeks to invest globally in a variety of infrastructure sectors like environmental services, industrials, power and utilities and telecommunication.

Smart Infrastructure Capital Partners declined a request for comment.

A previous version of this article misstated the amount LACERA is planning to commit to the Smart Infrastructure Capital Partners Fund. This was due to an error in the source document.

To read the digital edition of the latest IPE Real Assets magazine click here.

Topics