Los Angeles County Employees Retirement Association, Pasadena, Calif., is searching for a general investment consultant.
The $71.6 billion pension fund issued an RFP due to the expiration in January of Meketa Investment Group's contract. The firm, whose contract has been renewed until January 2022, is invited to rebid, said Jude Perez, the pension fund's principal investment officer, in an August email.
As of June 30, the pension fund's asset allocation was 51.6% growth, 20.6% risk reduction and mitigation, 16.3% real assets and inflation hedges, 10.8% credit and 0.7% overlay composite.
The RFP is available on LACERA's website. Proposals are due at 3 p.m. PDT on Oct. 15. A selection is expected in the first or second quarter of 2022.
Separately, the pension fund's board approved new commitments totaling $540 million in closed session on Sept. 8, said a report posted on its website.
LACERA committed up to $150 million to Atlantic Street Capital V, a small company buyout fund that invests in retail, health-care services and business services companies; committed up to $150 million and $100 million, respectively, to Orion Mine Finance Fund III and Orion Mineral Royalty Fund I, a real assets funds focused on mining opportunities, both managed by Orion Resource Partners; up to $100 million to STG Allegro, a small company buyout fund focusing on technology managed by STG Partners, and a co-investment commitment of $40 million alongside STG.
