(PEHub) Los Angeles County Employees Retirement Association has expanded into Latin America with an investment of US$125m in committed capital into CVCI spinout, Australis Capital.

• Lacera commits $125 mln to Australis’s debut fund
• First major foray into Latam PE
• Fund targets $350 mln; has raised $310 mln so far

Los Angeles County Employees Retirement Association made its first major foray into Latin American private equity by anchoring a first-time fund focused on investments in the region. LACERA, with about $50 billion in assets, committed $125 million to Australis Partners’ debut fund last