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LACERA
LACERA is an independent governmental entity that administers and manages the retirement fund for the County of Los Angeles and outside districts.
LACERA
LACERA is an independent governmental entity that administers and manages the retirement fund for the County of Los Angeles and outside districts. It is the largest county retirement system in the United States. LACERA administers defined retirement plan benefits for Los Angeles County and outside district employees, has administered the Retiree Healthcare Benefits Program since 1971, and manages the pension plan and Other Post-Employment Benefits trusts that fund these programs.
General information
Firm type
Pension Fund
Year founded
1937
Location
Region
North America
Country
United States
City
Pasadena
Corporate office
300 North Lake Avenue, Pasadena, CA 91101-4199, United States
Principals
Luis A. Lugo
Chief Executive Officer
Jonathan Grabel
Chief Investment Officer
Jude Perez
Deputy Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at LACERA?
Jonathan Grabel serves as Chief Investment Officer. Jude Perez acts as Deputy Chief Investment Officer. Decisions follow the investment policy approved by the Board of Investments.
Does LACERA participate in fund commitments or only direct deals?
LACERA commits to funds and maintains co-investment and secondaries programs. It also runs managed accounts through Innocap and Centerbridge Partners.
What asset classes receive the largest allocations?
Public equities, real estate, and private equity form core exposures. Real assets include mining royalties via Orion Mine Finance and agriculture via Vision Ridge Partners.
How does LACERA source investments?
Commitments occur through consultants Meketa and StepStone. Direct secondaries and co-investments supplement fund commitments.
Which regions does LACERA target outside the United States?
Europe and global markets appear in public equity holdings and private equity funds such as CVC Capital Partners IX.
What is LACERA's known posture on co-investments alongside external GPs?
LACERA maintains a co-investment program and a real assets emerging manager program managed by GCM Grosvenor and BlackRock.
How is LACERA related to Los Angeles County?
Los Angeles County acts as plan sponsor. LACERA functions as the independent governmental body that administers the county's defined benefit plans.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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