Los Angeles City Employees' Retirement System committed up to $50 million to real estate fund Oaktree Real Estate Opportunities Fund IX, according to a report of closed session actions taken by the board of the $21.5 billion pension fund.
The opportunistic real estate fund is managed by Oaktree Capital Management.
Separately, as of Oct. 6 LACERS had $126 million invested in Israeli companies, including $55 million in private equity and $71 million in publicly traded mandates, according to a staff report at the board's Oct. 10 meeting. LACERS also has a $1 million exposure to Russian companies and $25 million to Chinese technology companies.
