LA Fire & Police approves $53m in commitments

The US public pension has backed Europe- and North America-focused funds.

Los Angeles Fire & Police Pension System has approved a commitment of up to 37.5 million to CVC Capital Partners VII and up to $25 million to Palladium Equity Partners V.

The $19 billion US public pension has a 10 percent target allocation to private equity that currently stands at 9.1 percent.

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