The $58.2 billion Los Angeles County Employees’ Retirement Association (LACERA) is requesting proposals for consulting services for real estate investments including limited partnerships, separate accounts, funds of one, commingled vehicles and other investment structures.
RFPs are due back on Friday, September 18 and the search is expected to wind-up in early December.
LACERA’s current long-range asset mix has an allocation to real estate of 9% of total assets or roughly $6 billion. The Townsend Group, which was acquired by Aon in 2018, is currently serving as the pension system’s real . . .
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