Lacera makes new commitments to European PE

The LP will commit up to $175m to Triton Fund V and $180m to Hellman & Friedman Capital Partners IX in September, according to its monthly status report.

Triton Fund V is a European buyout fund, focusing on mid-market buyout opportunities in northern Europe. It is looking for companies in the industrial, business services, consumer and healthcare sectors. The fund is understood to be targeting €3bn.

Hellman & Friedman Capital Partners IX is targeting $16bn and will invest in buyouts in Europe and North America, in sectors such as financial and business services, software, internet, digital media, consumer and healthcare.

Lacera previously committed $125m to Hellman & Friedman Capital Partners VIII, which held a final close on $10.9bn in 2014. It has deployed 49% of its capital as of March 2018 and generated a total-value-to-paid-in of 1.19x, according to Unquote Data.

The market value of the pension scheme's private equity portfolio has grown to $5.7bn as of August 2018, representing 10.1% of the scheme's $56.7bn portfolio.

Lacera recently launched a personnel search for a venture capital investment officer.

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• LPs
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• Hellman & Friedman LLC
• Triton Partners