The Los Angeles Fire and Police Pension System board selected Pension Consulting Alliance as general consultant, subject to contract negotiations, said Tom Lopez, CIO of the $13.8 billion system. Other finalists were Consulting Services Group, Mercer Investment Consulting, New England Pension Consultants and R.V. Kuhns & Associates. PCA is the system's first general consultant. An RFP was issued in February.
Separately, the board committed $10 million each to Nogales Investors Fund II and Levine Leichtman Capital Partners Deep Value Fund. Funding came from cash.