CM LACERS Targets $1.5B in Global Listed Infrastructure Mandates
Posted: Wed Apr 22, 2026 8:00 pm
The Los Angeles City Employees’ Retirement System is moving to scale its real assets exposure, issuing RFPs to deploy approximately $1.5 billion across global listed infrastructure strategies. The $27 billion public pension currently includes listed infrastructure within its $3 billion real assets portfolio, which returned 3.39% in 2025. The new mandates mark the system’s first dedicated infrastructure allocation, targeting 5% of total assets as part of its latest asset allocation plan. Advised by NEPC, LACERS is seeking to allocate $800 million to a passively managed global listed infrastructure strategy and $550 million to an actively managed mandate. The dual-track approach reflects a broader trend among institutional investors balancing cost efficiency with alpha generation in core real asset exposures. The passive strategy RFP is set to close on June 4, while the active mandate will close on June 11. Selected managers are expected to begin managing the assets in early 2027. The post LACERS Targets $1.5B in Global Listed Infrastructure Mandates appeared first on Connect Money. Source: https://www.connectmoney.com/stories/la ... -mandates/