LACERS issues RFP for private credit consultant

The US public pension is seeking a private credit consultant.

Institution: Los Angeles City Employees’ Retirement System
Headquarters: Los Angeles, US
AUM: $23.31 billion
Allocation to alternatives: 25.99%

Los Angeles City Employees’ Retirement System issued a request for proposal for a private credit consultant at its December board meeting, a contact at the pension confirmed to Private Debt Investor. 

The contract is expected to be for three years. The pension’s current consultants, Townsend Group, Wilshire Associates and TorreyCove Capital Partners, have been encouraged to bid on the mandate.

As illustrated below, LACERS currently allocates 25.99 percent of its portfolio to alternative investments. The pension’s chief investment officer is Rodney June.

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