Los Angeles County Employees' Retirement Association related stories
All articles and analysis
Side Letter: KKR's 2021 macro view, LACERA stresses the 'S' in ESGIt looks like sustainability (in various forms) will be a big winner from the global pandemic. Investors will be less tolerant of managers who don't consider their wider impact, while governments' fiscal looseness will provide an ESG boost, notes KKR's asset allocation chief Henry McVey. Here's today's brief, for our valued subscribers only.
LACERA makes $70m commitmentThe US public pension has backed a North American secondaries vehicle.
LACERA to issue RFP for private equity consultantThe US public pension is seeking a consultant for its private equity portfolio.
Side Letter: Sub-line ESG levers, LP liquidity rethink, SPAC bashingIt looks like lenders are going to put wind in managers' ESG sails through credit facilities. Plus: LPs rethink liquidity (says Coller), SPACs are still a fad (says LP), beware covid-inflated valuations (says GP), and more. Here's today's brief, for our valued subscribers only.
Pent-up demand points to big 2021 for secondariesDemand among buyers and LPs’ desire to manage their portfolios in the wake of covid-19 point to healthy transaction secondaries volumes in the year ahead.
Tech-focused STG holds $2bn final close after fully virtual fundraiseThe value-oriented investor raised double the amount of its predecessor fund after less than six months on the digital fundraising trail.
Side Letter: DoL deals ESG blow, CalPERS goes big on secondaries, LP appetite for PE returnsUpdated rules from the DoL force fiduciaries to put financial returns ahead of “unrelated objectives” – specifically ESG. Plus: CalPERS re-enters the secondaries ring. Here's today's brief, for our valued subscribers only.
LACERA approves $280m in commitmentsThe US public pension re-ups with existing managers.
Side Letter: US election perspectives, UBS and Partners Group join forces, Greenhill's exodusNot signed up for our Women in Private Markets Summit yet? It starts tomorrow. In the meantime, we have briefings on the US election, a Partners Group-UBS tie-up and more.
