LACERS seeks private credit consultant

The approximately $24 billion Los Angeles City Employees' Retirement System (LACERS) is seeking proposals from organizations to provide full service, non-discretionary private credit consulting services, Rod June, LACERS’ chief investment officer confirmed.  

LACERS is seeking proposals for consulting services for a private credit program that has a 5.75% target allocation, according to fund documents.

The RFP response deadline is March 25. “The Board approved a two percent bump to private credit in 2021; it was 3.75% prior to the Board increase,” June explained. LACERS’ calculated pacing approach projects achieving the 5.75 . . .

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Mark Fortune

Mark Fortune has more than 30 years of experience as a financial writer and editor, with a focus on institutional investment management. He has worked in various editorial roles at organizations that include Institutional Investor, Pageant Media, Markets Group and, most recently, at New York investment management firm Cohen & Steers.

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