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FUNDRAISING NEWS | January 30, 2025
Tags: Pension Funds, Private Credit
The Los Angeles City Employees’ Retirement System (LACERS) has disclosed its 2025 target allocation sizes to private credit, following a review of its strategic plan in the asset class with its private credit consultant, Aksia.
According to materials from its January 28 board meeting, Aksia recommended that the pension commit up to $700 million for the current year. In addition, they are targeting $20 million to $150 million allocation sizes across nine to 12 active GPs.
LACERS is looking for commingled and evergreen fund structures that are focused on direct lending. They plan to look into the advantages of first close discounts and aggregation discounts, as well as source emerging managers.
Written By: Dakota
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