---
title: LACERA Selects Stable Asset Management for Illiquid Credit Emerging Manager Search
description: LACERA Selects Stable Asset Management for Illiquid Credit Emerging Manager Search.
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/cedric-letsch-UZVlSjrIJ3o-unsplash.jpg
---

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# LACERA Selects Stable Asset Management for Illiquid Credit Emerging Manager Search

**Written by: ** Koncheng Moua, Director of Data Management and Strategy 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/cedric-letsch-UZVlSjrIJ3o-unsplash.jpg)

The Los Angeles County Employees’ Retirement Association has approved the hiring of Stable Asset Management as a separate account manager to build an evergreen emerging manager program of illiquid credit strategies. 

Other candidates for the search included BlackRock, Blackstone, Cambridge, and GCM Grosvenor, according to meeting materials from the August 10 board meeting. 

The search was issued in October 2021.

*For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of [Dakota Marketplace](https://www.dakota.com/dakota-marketplace)!*

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