Liquidity management allows LACERA to take on more risks
Outperformance
by co-investments allows the CIO to widen targets, alongside eyeing the first
allocation to southeast Asia
LACERA
CIO Jonathan Grabel considers venture to be the ‘growthiest’ component of LACERA’s growth portfolio
CIO Jonathan Grabel, an Elite 100 CIO, is known for his exceptional work
in private equity, for getting DEI disclosures beyond 90%, and his rock-solid
internal investment committee. In this interview, Grabel dives deeper into the
breakdown of his private equity portfolio, his due diligence using strong internal
metrics, the red flags he sees in choosing managers, and his allocations to his fixed income
portfolio.
California Appeals Court rules in favor of LACERA to set employment classification and salaries amid backlash from the county
The ruling states that Board of Supervisors must comply with the classifications and salaries within its own functioning
LACERA chooses consultant for its hedge funds, credit and real assets portfolios
The winning consultant scored significantly higher on mitigation of conflict, servicing capabilities and technology.
Private Equity Proved Key to Pension Funds That Generated Positive Returns
Oregon Public
Employees Retirement Fund, Maine Public Employee Retirement System and the New
Mexico Educational Retirement Board among those who benefitted from being overallocated
to PE.
Should Private Markets Still Be Considered Totally Illiquid?
Private
Equity, Real Estate, Secondaries, Jefferies, Wilshire Associates, Coller
Capital, Los Angeles County Employees Retirement Association, LACERA, New
Jersey Division of Investment, Washington State Investment Board
LACERA Backs Venture Funds, Takes Action Against Manager
Pension plan also discloses that it took part in a
co-investment with a PE manager.
LACERA, CalSTRS and Alaska Perm Show What’s Possible as Investment Offices Seek to Cut Fees
Plans see, project big savings from bringing investment functions in-house.
CalPERS’ Weighing Changes to Comp Program
Pension fund
urged to expand peer group and tie compensation to performance.