LP profile · Pension fund
LACERS
LACERS is a pension fund headquartered in United States (North America). Ranked #65 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The Los Angeles City Employees' Retirement System (LACERS) was established in 1937 following a vote by the citizens of Los Angeles to create a retirement system for the city's civilian employees.
- Operations began on July 1, 1937, and the system has since been governed by a Board of Administration as mandated by the City Charter.
Source of Capital
- LACERS is a public pension fund, with capital sourced from contributions made by its members—the civilian employees of the City of Los Angeles.
- The fund is also supported by contributions from the City of Los Angeles, which acts as the employer, and from investment earnings generated by the system's portfolio.
Major Events
- No information available.
Allocation Strategy
- LACERS allocates capital across a diversified range of asset classes, including public equity, fixed income, and real assets.
- The system also invests in private equity as a key component of its portfolio, aiming to generate long-term growth.
- According to its investment policy, LACERS has a target allocation of 16% for private equity, which includes venture capital, growth equity, and buyout strategies.