Chief Investment Officer, Los Angeles County Employees Retirement Association (LACERA)
Jonathan Grabel is the CIO for the Los Angeles County Employees Retirement Association (LACERA). Mr. Grabel manages a $72 billion defined benefit pension fund on behalf of LACERA's 185,000 active and retired members. He also oversees the investments for the LACERA-administered $2 billion healthcare benefits program.
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 and the associated PERA SmartSave deferred compensation plan. 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.
Mr. Grabel received his BS in economics from the University of Pennsylvania Wharton School of Business and his MBA from the University of Chicago Booth School of Business. He is a CPA (inactive).