News & Analysis

LACER precision

As the LA pension fund's new board weighs its options, a higher allocation to private equity real estate may be on the horizon.

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SELECT COMMITMENTS

FUND SIZE COMMITMENT
FUND ($m) ($m)
Bryanston Retail Opportunity 150 10
Canyon Johnson Urban 600 10
CB Strategic Partners 500 25
Heltman Value Partners 400 15
TA Associates Realty Fund VII 700 15

PORTFOLIO SNAPSHOT

Fund geography: North America, Asia Pacific
Sectors: Diversified
Total funds under management: $9.1 billion
Total real estate assets $296 million
Current allocation to real estate: 3.3 percent
Target allocation to real estate: 7 percent