OCERS and LACERS commit $100m and $35m respectively to Logistics Value Fund VII. : LBA Realty’s planned $1bn (€893m) fundraise for its latest value-add logistics fund is expected to close this quarter, according to the Orange County Employees’ Retirement System (OCERS). OCERS, which had planned to add an industrial specialist to its fund manager line-up, said in a board meeting document that it has approved a $100m commitment to LBA Logistics Value Fund VII. The decision, recommended by its consultant The Townsend Group, is to help increase the pension fund’s weighting to industrial real estate, a property type expected to continue to outperform the broader market.