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LOS ANGELES COUNTY
EMPLOYEES' RETIREMENT ASSOCIATION
300 N. Lake Avenue, Suite 820
Pasadena, CA 91101-4199
(626) 564-6000
FAX (626) 564-6110
www.lacera.com

 


BOARD OF RETIREMENT MEETING: First Wednesday of Each Month, 9:00 a.m. (Disability)
Thursday following the first Board of Investments Meeting, 9:00 a.m. (Administrative)
BOARD OF INVESTMENTS MEETING: Second Wednesday of Each Month, 9:00 a.m.
FISCAL YEAR: July 1 to June 30
CEO: Gregg Rademacher


SYSTEM TRUSTEES
 

BOARD OF RETIREMENT

Shawn R. Kehoe, CH
Alan Bernstein, V CH
William de la Garza, SEC
Joseph Kelly, TREAS
Yves Chery
Vivian H. Gray
Anthony Bravo
Les Robbins
Ronald Okum

William Pryor, Alt.
David L. Muir, Alt.

BOARD OF INVESTMENTS

John M. Barger, CH
David Green , V CH
Shawn R. Kehoe, SEC
Joseph Kelly, TREAS
Herman B. Santos
Steve Valenzuela
Kenneth M. Simril
Diane Sandoval
Valerie R. Villarreal

   
ASSISTANT TO CEO: Robert Hill & John Popowich
SECRETARY TO CEO: Norma Minjares
CHIEF INVESTMENT OFFICER: Vacant
ACTUARY: Milliman USA
COUNTY COUNSEL: Steve Rice
ATTORNEY: N/A
AUDITOR: Brown Armstrong & Segal Consulting
CUSTODIAN: State Street
PENSION CONSULTANT: Credit Suisse Securities, The Townsend Group, Wilshire Associates
ACTIVE PARTICIPANTS: 93,811
BENEFIT PARTICIPANTS: 52,109
SOCIAL SECURITY:

No
General:  81,332                       
Safety:    12,479

FUND BALANCE: $48.3 Billion (Market)

 

Investment Counsel
 

ALL EQUITIES
Large Cap
INTECH Investment Mgmt., Inc.
Relational Investors, LLC
Twin Capital Mgmt., Inc.

Mid/Small Cap
Cramer Rosethal McGlynn, LLC
Eagle Asset Management, Inc.
Frontier Capital Management, LLC
Westwood Mgmt. Corp.

Emerging Managers of Managers
FIS Group, Inc.
Northern Trust Investments, Inc.

Non-US
Acadian Asset Mgmt., LLC
AQR Capital Mgmt., LLC
Capital Group
GAM International Mgmt., Ltd.
Genesis Investment Management, LLP
Putnam Investments

Passive Manager (U.S. & Non-US)
BlackRock Institutional Trust Company

Total All Equity Assets: $24.9 Billion

FIXED INCOME

Core
BlackRock Financial Mgmt., Inc.
Dodge & Cox
Pugh Capital Management, Inc.
Wells Capital Management

Core Plus
Dolan McEniry Capital Management, LLC
GW Capital, Inc.
LM Capital Group
Loomis, Sayles & Co., LP
Pacific Investment Management Company (PIMCO)
Western Asset Management Co.

High Yield
Oaktree Capital Mgmt.
PENN Capital Mgmt. Co., Inc.


Opportunistic
Beach Point Capital
Brigade Capital Management, LLC
Crescent Capital Group LP
Principal Global Investors, LLC
Sankaty Advisors, LLC
Western Asset Management Company

Passive (Index Fund) Manager
BlackRock Institutional Trust Company, N.A.

Programs
Member Home Loan Program (MHLP)
Whole Loan Program (WLP)

Total Fixed Income Assets: $11.0 Billion

REAL ESTATE
Capri/Capital Advisors, LLC
CB Richard Ellis
Cityview
Clarion Partners
Cornerstone Real Estate Advisors
Europa Capital
Heitman
Hunt Investment Mgmt.
Invesco Real Estate
LaSalle Investment Mgmt., Inc.
Phoenix Realty Group, LLC
Prologis
Quadrant Real Estate Advisors
RREEF America, LLC
Starwood Capital Group Global
Stockbridge Real Estate
TA Associates Realty
The Carlyle Group
TriPacific Enterprises Residential Advisors (Lowe)
Urban America
Vanbarton Group
Total Real Estate Assets: $5.3 Billion

 OTHER

 

Abry Partners
Accel Partners
Adams Street
Alchemy Investment Plan
Alta California Partners
Apax Europe
Apollo Investment
Austin Ventures
Berkshire Partners
Bertram Growth Capital
Black Diamond
Blackstone Capital Partners
Bruckman Rosser Sherrill & Co.
Canaan Partners
Candover Investments
Cardinal Health Partners
Carlyle Partners
Centerbridge Capital Partners
Clearlake Capital Partners
Clearstone Ventures Partners
Code, Hennessy & Simmons
Columbia Capital Equity Partners
CVC Europe
Cypress Merchant Banking Partners
DLJ Merchant Banking Partners
Draper Fisher Jurvetson Fund
Excellere Partners
Exponent Private Equity Partners
First Reserve
Forward Ventures
Gateway Private Equity Fund
Geocapital
GGV Capital
Glendon
GTCR
HarbourVest International Private Equity Partners
Hellman & Friedman Capital Partners
Insight Ventures
Insigna Capital Partners
Institutional Venture Partners
Intersouth Partners
Invesco
JMI Equity
JPMorgan EMP
Juggernaut Capital Partners
Kelso Investment Associates
KKR
Kleiner Perkins Caufield & Byers
Kline Hawkes
Knightsbridge Advisors
Kohlberg Investors
Landmark Equity Partners
Levine Leichtman Capital Partners
Lexington Capital Partners
Light Year
Lightspeed Ventures
Lindsay Goldberg & Bessemer
M/C Ventures
Madison Dearborn Capital Partners
Marlin Equity
MBK Partners
Mediphase Ventures
Menlo Ventures
Merit Capital Partners
Montagu Private Equity
Morgan Stanley Venture Partners
MS GTB Capital Partners
Nordic Capital
North Gate Venture Partners
Oak Investment Partners
Oaktree Capital Management
Olympus Growth Fund
Onex Partners
Oxford Bioscience Partners
Palladium Equity Partners
Permira Europe
Phoenix Equity Partners
Prospect Venture Partners
Providence Equity Partners
Quad-C Partners
Questor Partners
Redpoint Ventures
Resolute Fund
Riverside
RLH Investors
Sevin Rosen
Sierra Ventures
Silver Lake Partners
Siris
Solera Partners
GenCap
Spectrum Equity Investors
Sterling Investment Partners
Storm Ventures
Summit Partners
Syndicated Communications Venture Partners
TA Associates
Technology Crossover Ventures
The Energy & Minerals Group
THLee Equity
TPG Partners
Union Square Ventures
Vestar Equity Partners
Vista Equity Partners
Wayzata Opportunities Fund
Welsh, Carson, Anderson & Stowe
Weston Presidio Capital
Worldview Technology Partners


Total Private Equity: $4.2 Billion

Commodities
Credit Suisse Asset Mgmt., LLC
Gresham Investment Mgmt., LLC/Neuberger Berman Alternative Fund Mgmt. LLC
Pacific Investment Management Company 
Total Commodities: $1.0 Billion 

Hedge Funds
Grosvenor Capital Mgmt.

Total Hedge Funds: $0.5 Billion

Short-Term Investment Fund Manager (Cash)
J.P. Morgan Asset Management

Total Cash: $1.4 Billion

Total Other Assets: $7.1 Billion (Sum of Private Equity, Commodities, Hedge Funds & Cash)

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