Los Angeles County Employees Retirement Association, Pasadena, committed up to $100 million to Glendon Opportunities Fund II, according to the minutes of a recent board of investment's meeting for the $47.6 billion pension fund.
The commitment was approved in closed session of the May 10 meeting.
Glendon Opportunities Fund II is a private equity fund that will pursue a distressed debt strategy and is managed by Glendon Capital Management. LACERA has invested with the firm in the past.
