Los Angeles County Employees Retirement Association, Pasadena, Calif., named Pacific Corporate Group, Pathway Capital Management and incumbent Hamilton Lane Advisors as finalists in its search for a private equity adviser. A selection is expected at the boards Nov. 28 meeting. Currently, the $30.6 billion system has $1.5 billion invested in private equity, said Christopher J. Wagner, investment officer.
Separately, the system allocated up to $100 million to be divided among an undetermined number of real estate emerging managers. The move is part of the associations emerging manager program, formed to create opportunities for small organizations. The program was expanded last December to include real estate, said John McClelland, principal investment officer in real estate.