Los Angeles County Employees Retirement Association
LACERA is the public retirement system serving employees of Los Angeles County. Established in 1938 under California's County Employees Retirement Law of 1937, it administers defined-benefit pension plans and retiree healthcare benefits for current and former county employees. It is the largest county retirement system in the United States and invests globally across public equity, fixed income, private equity, private credit, infrastructure, real estate, hedge funds, and other alternative investments
AUM growth history
Allocations by asset class
As of 31/12/2025| Asset class | Current | % of total |
|---|---|---|
| Private Equity | — | — |
| Private Credit | — | — |
| Real Estate | — | — |
| Infrastructure | — | — |
| Total | — | — |
Relationship network · 4 connections
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Firm details
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Los Angeles County Employees Retirement Association — News
The Investment: LACERA deployed $125 million to acquire secondary fund interests.Target Funds: The capital was used to buy stakes in two underlying component funds within the IDR Core Property Trust (an open-ended, commingled real estate vehicle).Strategic Intent: This follows LACERA's overarching plan to shift away from individual customized separate accounts into diversified, commingled platforms to streamline real estate administration. Detailed operational reporting for this was monitored via SecondaryLink's mid-2026 Institutional Briefings.