Institution: Los Angeles City Employees’ Retirement System
Headquarters:Â Los Angeles, US
AUM:Â $23.07 billion
Allocation to Private Debt: 9.06%
Los Angeles City Employees’ Retirement System received a recommendation for a 2025 private credit strategic plan, according to its January investment committee meeting.
The plan from Aksia recommends LACERS commits $600 million-$700 million to private credit, targeting nine to 12 firms with a target size of $20 million-$150 million per commitment.