Mr. Grabel leads LACERA’s Investments Division, overseeing the nearly $100 billion defined benefit pension fund and LACERA-administered healthcare benefits program on behalf of LACERA's active and retired members.
Mr. Grabel serves as LACERA’s principal advisor to the Board of Investments on matters related to the investment of LACERA assets and legal compliance, and directs all aspects of LACERA’s globally diversified investment portfolio. Over the past decade, he has overseen significant asset growth through a disciplined, total-fund investment approach, focusing on generating and protecting returns to ensure fund sustainability. He also represents LACERA in the investment community, media, legislature, and with stakeholders.
Mr. Grabel is actively engaged in industry governance and professional leadership, including membership on the Board of Directors of the Council of Institutional Investors (CII), Investor Advisory Board of the International Sustainability Standards Board (ISSB), CFA Institute Inclusion Steering Committee, and Advisory Board of Global Women in Investment (GWI). He previously served on the PRI Asset Owner Technical Advisory Committee and the Future of Responsible Investing Task Force.
Prior to LACERA, Mr. Grabel was the CIO for New Mexico PERA, where he oversaw the investments for the agency’s defined benefit fund and associated deferred compensation plan. Previously, he was a general partner at a private equity firm, investment banker, and certified public accountant. He received his Bachelor of Science in economics from the Wharton School of the University of Pennsylvania and his MBA from the University of Chicago Booth School of Business.
