News & Analysis

LACERA to expand emerging manager programme

The US public pension plans to add illiquid credit to its programme by the end of 2022.

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Institution: Los Angeles County Employees’ Retirement Association
Headquarters: Pasadena, US
AUM: $63.85 billion
Allocation to alternatives: 25.6%

Los Angeles County Employees’ Retirement Association intends to expand its emerging manager programme to include illiquid credit, according to the pension’s January 2021 investment board meeting document. LACERA’s emerging manager programme already includes alternatives such as private equity and private real estate.

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