At its meeting last week, the board of investments of the Los Angeles County Employees Retirement Association (LACERA) reviewed sizable commitments to the illiquid credit and infrastructure investment classes.
Staff also advanced to the board a real estate investment structure review that calls for changes to its real estate portfolio, an investment official at the fund confirmed.
The board of the $74 billion public retirement fund approved a $775 million illiquid credit investment to be managed by Silver Rock Financial LP. in a dedicated managed account that includes a $600 million primary portfolio . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
Monthly
$30
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Annual
$300
Required for access to AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators
