Institution: Los Angeles County Employees’ Retirement Association
Headquarters: Pasadena, United States
AUM: $58.22 billion
Allocation to alternatives: 28.3%
Los Angeles County Employees’ Retirement Association has agreed to issue a request for proposal for a consultant to fulfill its private real estate investment needs, as mentioned during its August 2020 investment board meeting. The pension’s current private real estate consultant is Townsend Group.
As illustrated below, LACERA allocates 9.2 percent of its investment portfolio to private real estate. As of June 30, 2020, the value of its private real estate portfolio was approximately $5.37 billion.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.