Los Angeles County Employees Retirement Association, Pasadena, Calif., will issue an RFI this summer for a general consultant, said Lisa Mazzocco, principal investment officer, equities. Frank Russell, the $24 billion fund’s current general consultant, can rebid.
Separately, LACERA’s board of investments approved a commitment of up to $89 million to Permira Europe III, subject to contract negotiations and approval by the fund’s legal department, said Christopher J. Wagner, investment officer, alternative assets. The board also approved a $10 million commitment to Falcon Mezzanine Partners, subject to the same conditions. Both will be funded from cash, Mr. Wagner said.