Los Angeles City Employees’ Retirement System committed $30 million each to real estate funds CB Richard Ellis Strategic Partners UK III and Colony Investors VIII, according to a source close to the $10.7 billion system.
The board also approved committing up to $25 million to City View LA Urban Land Fund I, a real estate opportunity fund; up to $20 million to TPG Star, a private equity fund; and up to $10 million to Cardinal Americas, a private equity fund.
The board also renewed its contract with TT International Advisors, which runs a $161 million active publicly traded MSCI EAFE core investment portfolio for the fund.
