95 more managers, 588 more commitments and 559 more dated events

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Los Angeles City Employees' Retirement System

Local retirement system· Los Angeles, Californialacers.org

Local retirement system, based in Los Angeles, California, reporting $19B in assets, for 61,384 participants.

Composed from this allocator's classification, location and filed figures.

Assets
$19B
Private allocation
45.8%
Fund commitments
451
Managers
161
Open searches (6)Plans backing its top managerSimilar plans, same strategy
More
Commitments (451)Allocation policyConsultants
As of · the latest dated event for this allocator; each figure carries its own filing or report date

What may matter next

A pattern DFX replayed against history, using only what was known on each date, points at this record. The rate belongs to the pattern, not to this entity; what already happened is below.

L•• A•••••• C••• E••••••••• R••••••••• S•••••Emerging

Early indicator, not yet measured: commits to the successor fund.

No rate is claimed. Not a forecast.

Window 2026-09-25 to 2027-09-25, as of 2026-09-25

Estimate past commitments to this series: $20.0M

Confidence: signal low, timing low, outcome low, identity high, magnitude moderate.

  • DerivedL•• A•••••• C••• E••••••••• R••••••••• S••••• h•••• A••••• I••••••••• P••••••• a•• t•• m•••••••• n••• f••• i• t••• s•••••• A••••• I••••••••• P••••••• I•• L•••• i• o••• •••••••••
  • DerivedN• c••••••••• t• t•• n•• f••• a•••••• o• t•• p••••• f•••••• y•••

Decision maker identified; on file: professional email, LinkedIn.

How the pattern measured, and every other entity on it: re-up prospects.
L•• A•••••• C••• E••••••••• R••••••••• S•••••Emerging

Early indicator, not yet measured: commits to the successor fund.

No rate is claimed. Not a forecast.

Window 2026-09-25 to 2027-09-25, as of 2026-09-25

Estimate past commitments to this series: $25.0M

Confidence: signal moderate, timing low, outcome moderate, identity high, magnitude moderate.

  • DerivedL•• A•••••• C••• E••••••••• R••••••••• S••••• h•••• B••••••• V•••••• P••••••• X•• I••••••••• F••• a•• t•• m•••••••• n••• f••• i• t••• s•••••• B••••••• V•••••• P••••••• X••• I••••••••• L•••• i• o••• •••••••••
  • DerivedN• c••••••••• t• t•• n•• f••• a•••••• o• t•• p••••• f•••••• y•••

Decision maker identified; on file: professional email, LinkedIn.

How the pattern measured, and every other entity on it: re-up prospects.

What matters now

  1. $200M
    approved, 3 funds

    $200M approved across 3 funds on 8 Sep 2026: Audax Direct Lending Solutions Fund III-A $100M, Blue Owl Real Estate Fund VII $50M, Kayne Anderson Real Estate Partners VII $50M.

    8 Sep 2026 · The board's newest commitments, the managers it is backing now.

    Factboard minutes, 8 Sep 2026For GPs raising in these strategies, placement agentsBoard record →
  2. 3 searches
    open now

    3 open manager searches: Actively Managed Global Listed Infrastructure search; Passively Managed Global Listed Infrastructure search; infrastructure search.

    opened 8 Sep 2026 · A mandate the plan is hiring for now; a manager can still respond.

    Factthe plan's own search notices and minutesFor managers in the searched asset class, consultantsOpen searches →
  3. 45.75%
    private markets target

    Changed its allocation policy 2 months ago.

    A new target moves money between asset classes before any manager is hired.

    Factthe plan's investment policyPolicy →
  4. 8
    re-up prospects

    8 re-up prospects were flagged in the last twelve months: managers it backed raising a successor fund.

    Managers it already backs are raising again; a re-up decision is coming.

    Inferencea successor fund observed for a manager the plan backsRe-up prospects →

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
Los Angeles City Employees' Retirement System
Funds committed to
All 166
Managers
All 98
Size, funding, policy and commitments, with their basesLocal retirement systemShow
Local retirement system
Assets
$19B
Total assets, Jun 30, 2024 derived
Funded
not on record
not filed
Private markets target
45.8%
policy Jun 30, 2025
Commitments
451
163 dated closings
Allocation policy
ACFR, as of Jun 30, 2025
Asset class (as printed)BucketTargetRangeActualGapBasis
Unallocated CashCash1.0%1.1%+0.1reported lacers.org
Core Fixed IncomeFixed income10.3%12.8%+2.5reported lacers.org
Credit OpportunitiesPrivate credit12.8%10.0%-2.7reported lacers.org
Private EquityPrivate equity16.0%19.1%+3.1reported lacers.org
Non-U.S. EquityPublic equity20.0%23.8%+3.8reported lacers.org
U.S. EquityPublic equity23.0%21.8%-1.2reported lacers.org
Real AssetsReal assets17.0%11.4%-5.6reported lacers.org
Consultants and advisers
1 firm
  • Aksia LLC Specialist consultantthrough Jul 28, 2026 Board minutes
People
1 role
Chief investment officer
Rodney L. June
Chief Investment Officer (Jun 30, 2025) lacers.org
Rodney L. June Chief Investment Officer
    Manager roster
    98 managers on the commitment tape
    From the plan’s own commitment disclosures

    +95 more managers received commitments

    Every name, record and relationship behind this count, with the source on each.

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    What changed
    564 events
    • Sep 24, 2026re up prospect resolvedreport dateinference
      Re-up prospect for GTCR Fund XV/B LP: condition no longer holds; not judged
      with Gtcr LLCno URL
    • Sep 24, 2026re up prospect resolvedreport dateinference
      Re-up prospect for Threshold Ventures V, L.P.: condition no longer holds; not judged
      with Threshold Management, LLCno URL
    • Sep 24, 2026re up prospect resolvedreport dateinference
      Re-up prospect for Barings Emerging Generation Fund III, LP: condition no longer holds; not judged
      with Barings LLCno URL
    • Sep 24, 2026Re-up prospectreport dateinference
      Los Angeles City Employees' Retirement System holds GTCR Fund VII ($19M); the manager is raising: GTCR Fund XV/B LP (fundraising, seen 2026-09-24); no commitment to it on the graph; 7 fund(s) of the series between them not held either
      with Gtcr LLCno URL
    • Sep 23, 2026Re-up prospectreport dateinference
      Los Angeles City Employees' Retirement System holds Bessemer Venture Partners XII Institutional Fund ($25M); the manager is raising: Bessemer Venture Partners XIII Institutional L.P. (fundraising, seen 2026-09-23); no commitment to it on the graph
      with Bessemer Venture Partnersno URL

    +559 more dated events

    Every name, record and relationship behind this count, with the source on each.

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    Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
    Commitments
    591 rows, 0 dated closings
    DateFundManagerBucketAmountVintageStatusSource
    as of Sep 8, 2026Audax Direct Lending Solutions Fund III-A, L.P.Audax Private DebtPrivate credit$100MApprovedlacers.org
    as of Sep 8, 2026Blue Owl Real Estate Fund VII LPBlue Owl Real Estate GP VII LLCReal estate$50.0MApprovedlacers.org
    as of Sep 8, 20261315 Capital Fund IV Family Access Fund, L.P.1315 CapitalPrivate equity$50.0MApprovedre-uplacers.org

    +588 more commitments

    Every fund and manager this allocator committed to, with the amount, date and source on each.

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    Size and funding
    57 readings
    Total assets
    $19B Jun 30, 2024 derived Census ASPP
    $18B (2023-06) · $17B (2022-06)
    Fiduciary net position
    $19B Jun 30, 2024 reported Census ASPP
    $18B (2023-06) · $17B (2022-06)
    Long-term investments
    $19B Jun 30, 2024 reported Census ASPP
    $18B (2023-06) · $17B (2022-06)
    Total pension liability
    $7.3B Jun 30, 2024 derived Census ASPP
    $7.3B (2023-06) · $7.1B (2022-06)
    Discount rate
    7.00% Jun 30, 2024 reported Census ASPP
    7.00% (2023-06) · 7.00% (2022-06)
    Participants
    61,384 Jun 30, 2024 derived Census ASPP
    59,533 (2023-06) · 57,695 (2022-06)
    Active members
    26,782 Jun 30, 2024 derived Census ASPP
    25,875 (2023-06) · 24,917 (2022-06)
    Beneficiaries
    22,763 Jun 30, 2024 reported Census ASPP
    22,510 (2023-06) · 22,399 (2022-06)
    Benefits paid
    $1.3B Jun 30, 2024 reported Census ASPP
    $1.2B (2023-06) · $1.2B (2022-06)
    Investment expense
    $117M Jun 30, 2024 reported Census ASPP
    $107M (2023-06) · $106M (2022-06)
    Commitment history
    36 decisions the board record started
    VehicleManagerAmountStateProposedApprovedClosedFirst reportedOther LPs
    PGIM, Inc. separate accountPgim IncNot disclosedapproved-Sep 8, 2026---
    Wellington Management Company LLP separate accountn/a$581Mapproved-Jul 28, 2026---
    Polen Capital Credit, LLC separate accountPolen Capital Credit, LLCNot disclosedapproved-Jul 14, 2026---

    +33 more board decisions

    Every name, record and relationship behind this count, with the source on each.

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    Provenance
    Identifiers: Census PID6 119364
    Cross-graph: private equity LP tape (cited), venture LP tape (cited)
    First observed Sep 15, 2026, last observed Sep 25, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.

    Not yet on record: funded ratio.

    Across the graphs

    Los Angeles City Employees' Retirement System is the same institution as 1 record in Venture Capital.

    Venture Capital1

    The joined record opens with the product, beside every other relationship on this page.

    Checking your plan…

    Capital chain

    Los Angeles City Employees' Retirement System sits on 1359 traced paths of capital across the graphs.

    Allocator commitments to a managerConsultant to allocator to manager

    DFX traced 1,359 paths of capital through this record

    Every record on each path, what it committed or lent, and as of when.

    Includes 3 days of DFX Intelligence. Then $299/month unless canceled.

    Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

    Checking your plan…

    Record history

    660 dated events on the change ledger, latest first
    • Re up prospect resolved
      2026-09-24
    • Re up prospect resolved
      2026-09-24
    • Re up prospect resolved
      2026-09-24

    +657 more changes on this record's ledger

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    The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

    ›Connections

    every published relationship on the graph

    +599 connections on the graph

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