The Los Angeles City Employees’ Retirement System (LACERS) has moved forward with a niche hybrid strategy and private equity allocations in the pension’s growing alternatives program.
DDJ Capital Management and KKR Credit were finalists in the search that began in October 2018 with an approval of an RFP for a U.S. floating rate bank loan mandate for a three-year duration.
Upon the recommendation of the $19 billion system’s staff and consultant NEPC, trustees approved earlier this month a $235 million mandate with funding coming from Aegon USA in the credit opportunities . . .
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