Jonathan Grabel

L.A. County Employees Retirement Association

Diversity, equity, and inclusion are integral to the investment process of the Los Angeles County Employees Retirement Association (LACERA). The fund believes that DEI helps to “produce, protect, and provide the promised benefits to 170,000 beneficiaries in the most populous county in the US.” LACERA believes that “effectively accessing and managing diverse talent leads to improved outcomes.” The fund considers diversity from a broad perspective including race/ethnicity, sexual orientation, gender, gender identity, disability, religion, national origin and culture. The fund incorporates DEI into its evaluation of all external investment partners and firmly believes that best practices in the area will produce the best results. The fund’s T.I.D.E (Towards Inclusion, Diversity and Equity) initiative pursues comprehensive strategies to advance DEI throughout all aspects of our investment process. Jonathan Grabel manages the $70 billion portfolio. Prior to LACERA, Mr. Grabel was the CIO for New Mexico PERA, where he oversaw the investments for the agency’s $15 billion defined benefit fund. Previously, he was a general partner at a private equity firm focused on growth-stage investments in technology, networking industries, and digital communications. Earlier in his career, Mr. Grabel was an investment banker and licensed CPA.