Los Angeles City Employees’ Retirement System rehired Courtland Partners as its real estate consultant.
Courtland was hired by the $9.6 billion system three years ago as consultant for the system’s $426.8 million real estate portfolio with the option of two three-year contract renewals. This is Courtland’s first renewal; no RFP was issued.
Separately, the system committed $20 million to Angeleno Investors III LP., a private equity fund. Pension Consulting Alliance, the system’s private equity consultant, assisted.