Los Angeles City Employees Retirement System is searching for a real estate fund consultant.
The $7.7 billion funds real estate allocation is 5% of assets, with a real estate commitment target set at 6% to attain its long-term target. Its real estate portfolio comprises 18 active commingled funds and one individually managed account with a commitment of $100 million.
Applicants must have at least five years experience and manage an equity real estate portfolio in excess of $500 million. The deadline for proposals is June 30. Applicants can download the RFP from LACERS website: www.primenet.com/lacers.