LACERA to explore possibility of bringing co-investments in-house

Los Angeles County Employees’ Retirement Association, Lacera, Morgan Stanley, private equity, pension fund
  • LACERA commits $100 mln to Morgan Stanley for co-investments
  • Re-up will extend existing program while staff explores bringing program inside
  • Nothing in motion yet, says staff
Los Angeles County Employees’ Retirement Association is committing another $100 million to an external co-investment program as it weighs the pros and cons of bringing the platform in-house. LACERA’s Board of Investments approved a $100 million commitment to Morgan Stanley ...

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