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Los Angeles County Employees' Retirement Association
LACERA is an independent governmental entity established in 1938. It administers and manages the retirement fund for Los Angeles County employees and...
Los Angeles County Employees' Retirement Association
LACERA is an independent governmental entity established in 1938. It administers and manages the retirement fund for Los Angeles County employees and participating agencies. It serves over 198,000 members and survivors and provides retirement plans, retiree healthcare, and related services as the largest county retirement system in the United States.
General information
Firm type
Public Pension Fund
Year founded
1938
Location
Region
North America
Country
United States
City
Pasadena
Corporate office
300 N. Lake Ave., Pasadena, CA 91101, United States
Principals
Luis Lugo
Chief Executive Officer (Acting)
Jonathan Grabel
Chief Investment Officer
Jason E. Green
Chair of the Board of Investments
Sector focus
Frequently asked questions
Who runs investment decisions at LACERA?
Jonathan Grabel serves as Chief Investment Officer. Luis Lugo acts as Chief Executive Officer. The Board of Investments, chaired by Jason E. Green, sets policy.
How does LACERA source proprietary deal flow?
LACERA uses consultants including Meketa Investment Group, StepStone, and Albourne Partners. It participates in limited partner networks through ILPA and SACRS.
Does LACERA participate in fund commitments or only direct deals?
LACERA makes fund commitments to vehicles such as Thoma Bravo XVI and Jungle Ventures V. It also holds direct real estate assets through title holding companies and LLCs.
What investment stages does LACERA typically target?
LACERA targets buyout, growth equity, and venture stages through its private equity and venture allocations. It also maintains core real estate and infrastructure exposure.
Where does the underlying wealth come from?
Contributions come from Los Angeles County employees, participating agencies, and employer matches under statutory pension requirements.
Does LACERA maintain philanthropic structures, and how are they separated?
LACERA does not operate separate philanthropic vehicles. Its OPEB Trust handles retiree healthcare benefits under distinct statutory authority.
What is LACERA's known posture on co-investments alongside external GPs?
LACERA has executed real estate co-investments with Partners Group and maintains a Real Estate Emerging Manager Program. It uses the Innocap platform for certain credit strategies.
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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