LACERA Seeks P.E. Service Provider

Feb 21 2007 | 10:08am ET

The Los Angeles County Employees Retirement Association recently adopted a new private equity program structure and is seeking independent third-party portfolio monitoring and performance reporting for its global private equity investments, issuing a request for proposals to that end.

Firms that would fall within LACERA’s radar should have at least five clients, including one public pension fund, maintain a database of worldwide private equity managers and have a performance measurement system that accurately monitors the returns of private equity funds.

The deadline for the RFP is today at 3:00 p.m. Pacific time.

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