Innocap was selected by
LACERA as DMAP provider
Montréal, March 24, 2022 – Innocap is pleased to announce that the Los Angeles County Employees Retirement Association (LACERA), the largest county retirement system in the United States, has selected Innocap to provide dedicated managed account platform (DMAP) services across various asset classes. As at June 30, 2021, LACERA’s fund balance stood at over US$73 billion serving more than 185,000 active and retired members.
“This alliance is a testament to Innocap’s reputation as a leader in the DMA industry,” said François Rivard, Innocap’s President and CEO. Its business model for large, sophisticated institutional investors such as LACERA, is built on dedicated in-house expertise and data-driven technology needed to articulate these large-scale mandates. Innocap’s capabilities allow institutional investors like LACERA to customize risk, legal and operational frameworks to increase transparency and control over their assets.
Innocap also shares LACERA’s commitment to advancing diversity, equity and inclusion (DEI). LACERA’s T.I.D.E. (“Towards Inclusion, Diversity and Equity”) initiative considers DEI in the investment process and when evaluating investment partners. At Innocap, women represent 57% of Innocap’s board members and 50% of its senior management.
Through this partnership, Innocap continues to strengthen its position in the pension fund arena, building on its expertise in this segment working with many of the largest public pension plans. Last year, Innocap was named “Best Managed Account Platform” at the Hedgeweek European Awards 2021, an important recognition from asset owners around the world.
Innocap is pleased to support LACERA as it pursues its strategic objectives in order to effectively serve its members.
For more information:
Since 1996, Innocap has been providing managed account solutions to international institutional clients adhering to high governance standards. The Innocap platform offers in-depth data transparency for investors, compliance with investment strategies and monitoring of service providers. Innocap stands out in this industry thanks to its experts, flexibility and state-of-the-art technological infrastructure.
We recently announced a major transaction where Innocap, the most agile and institutionally backed alternative investment platform in the industry, will combine with BNY Mellon HedgeMark, the most scalable and technological alternative investment platform on the market, to create a transformative industry leader. Already with offices in Montreal and Dublin, Innocap will increase its global presence with offices in New York, Poland and India and will employ more than 300 experienced professionals.