LACERA doles out $4bn, including $400m to PE
Last week the Board of Investments of the $74 billion Los Angeles County Employees Retirement Association (LACERA) approved manager hires for commitments totaling up to $4.1 billion, with $400 million of that figure awarded to private equity managers, a fund official confirmed. LACERA’s General investment consultant Meketa Investment Group assisted with the allocations.
The board approved the engagement of BlackRock to manage an approximately $3.7 billion long-term U.S. Treasury bond index portfolio in a separate account within the Risk Reduction and Mitigation category of LACERA’s portfolio.
At its . . .
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