{"id":502407,"date":"2026-06-16T11:39:14","date_gmt":"2026-06-16T11:39:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/502407\/"},"modified":"2026-06-16T11:39:14","modified_gmt":"2026-06-16T11:39:14","slug":"lacera-backing-pushes-jp-morgans-net-lease-fund-past-450m-mark-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/502407\/","title":{"rendered":"LACERA backing pushes JP Morgan\u2019s net-lease fund past $450m mark | News"},"content":{"rendered":"<p>JP Morgan Asset Management has secured a $200m (\u20ac172.9m) commitment from the Los Angeles County Employees Retirement Association (LACERA), bringing its latest US net-lease real estate fund halfway to its $900m target.<\/p>\n<p>LACERA disclosed in a board meeting document that it has committed the capital to JP Morgan Net Lease Real Estate Fund II. LACERA\u2019s commitment follows a <a href=\"https:\/\/realassets.ipe.com\/news\/tennessee-retirement-system-commits-150m-to-jp-morgan-net-lease-fund\/10135907.article\" target=\"_blank\" rel=\"nofollow noopener\">$150m commitment from the Tennessee Consolidated Retirement System in March<\/a>.<\/p>\n<p>Prior to these pension commitments, an SEC filing showed JP Morgan had raised an initial $100m by mid-January.<\/p>\n<p>JP Morgan declined a request for comment.<\/p>\n<p>LACERA also disclosed that it is currently reviewing responses from six firms as part of its ongoing real estate consultant search.<\/p>\n<p>The respondents include the pension fund\u2019s current consultant StepStone, alongside Albourne America, <a class=\"intextlink\" href=\"https:\/\/hub.ipe.com\/asset-manager\/mercer-real-estate\/424941.supplier\" rel=\"intextlink_0 nofollow noopener\" target=\"_blank\">Mercer<\/a> Investment Consulting, NEPC Investment Consulting, RCLCO Fund Advisors and Meketa Investment Group.<\/p>\n<p>A final appointment is expected in the fourth quarter of this year.<\/p>\n<p>To read the latest <a href=\"https:\/\/realassets.ipe.com\/current-edition\" target=\"_blank\" rel=\"nofollow noopener\">IPE Real Assets magazine click here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"JP Morgan Asset Management has secured a $200m (\u20ac172.9m) commitment from the Los Angeles County Employees Retirement Association&hellip;\n","protected":false},"author":2,"featured_media":502408,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[61,60,80],"class_list":["post-502407","post","type-post","status-publish","format-standard","has-post-thumbnail","category-technology","tag-ie","tag-ireland","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/502407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=502407"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/502407\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/502408"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=502407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=502407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=502407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}