The Los Angeles County Employees Retirement Association (LACERA) has allocated $100 million to Vista Equity Partners’ fourth fund, Pensions & Investments reports. The retirement system has also contributed up to $75 million to Summit Partners’ Growth Equity Fund VI.
Vista’s Fund IV, which will commit at least $100 million via a mixture of management fee offsets and cash, has a $2.5 billion fundraising target. The Summit Partners fund allocates to venture capital.
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