# Los Angeles County Employees' Retirement Association

Los Angeles County Employees' Retirement Association is a Public Pension Fund based in Pasadena, United States.

## Overview

- **Organization type:** Public Pension Fund
- **Headquarters:** Pasadena, United States
- **Region:** North America
- **Address:** 300 N. Lake Ave., Pasadena, CA 91101, United States
- **Founded:** 1938
- **Assets under management:** 87B (Altss estimate)
- **Website:** lacera.gov
- **LinkedIn:** https://www.linkedin.com/company/lacera

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Infrastructure
- Real Estate
- Private Equity
- Public Equities

## People

- Luis Lugo — Chief Executive Officer (Acting)
- Jonathan Grabel — Chief Investment Officer
- Jason E. Green — Chair of the Board of Investments

## 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.

### 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.

## Related profiles

- [BpfBOUW](https://altss.com/profile/bpfbouw)
- [AMF Tjänstepension](https://altss.com/profile/amf-tj-nstepension)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/los-angeles-county-employees-retirement-association

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology