LACERA Selects Stable Asset Management for Illiquid Credit Emerging Manager Search

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

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!

Recent Posts

January 22, 2024

Louisiana State Police Retirement System Replaces Emerging Markets Equity Manager

The Louisiana State Police Retirement System has hired GQG to replace the now terminated Vontobel...

June 07, 2023

Detroit Police & Fire Hire Commodities Managers; Replace High Yield Managers

The Police and Fire Retirement System of the City of Detroit has approved hiring Parametric...

July 14, 2023

Spokane Employees’ Retirement Hires Two Fixed Income Managers

The Spokane Employees’ Retirement System has concluded two fixed income searches. Loomis Sayles...