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 . . .