The firm's LAV Fund VI and LAV Fund VI Opportunities funds have been supplied by $100m from Los Angeles County Employees Retirement Association.
Los Angeles County Employees Retirement Association (Lacera) has provided $100m in capital for two funds operated by Lilly Asia Ventures, an investment vehicle launched by pharmaceutical firm Eli Lilly.
The capital went to LAV Fund VI and LAV Fund VI Opportunities, according to a Lacera board meeting report first flagged by Private Equity International. LAV Fund VI has set a $900m target for its final close while the latter fund is targeting $450m.
Initially launched as a subsidiary of Eli…
