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Asset owners are staying on the sideline for now, awaiting the outcome of a discrimination lawsuit filed against PIMCO by female employees.

LACERA to put up $220 million into 2 alts funds Print Los Angeles County Employees Retirement Association, Pasadena, Calif., committed up to about $220 million to two alternative investment funds, the $65.5 billion pension fund reported. In closed session Wednesday, the board committed up to €100 million ($119.1 million) to Antin Mid Cap Fund I, a real assets fund focusing on middle-market opportunistic infrastructure investments mostly in Europe with some investments in North America. The fund is managed by Antin Infrastructure Partners. LACERA also committed up to $100 million to Excelle...

Los Angeles County Employees preps private equity consultant search Print Los Angeles County Employees Retirement Association, Pasadena, Calif., plans to launch an RFP for a private equity consultant sometime before Jan. 21, said Jonathan Grabel, CIO of the $60 billion pension fund. Incumbent Stepstone Group's contract is set to expire in October. Stepstone will be invited to rebid. A selection is expected as early as September. LACERA has $7.1 billion invested in private equity and a private equity target of 10% with an allocation range of 7% to 13%. Separately, the board on Dec. 9 approved ...