Institution: Los Angeles Fire & Police Pension System
Headquarters: Los Angeles, United States
Allocation to alternatives: 23.01%
Los Angeles Fire & Police Pension System committed $15 million to Longitude Venture Partners IV. The fund will invest in early stage life sciences companies throughout the United States.
The $23.92 billion US public pension has a 12 percent target allocation to private equity that currently stands at 10.16 percent.
As illustrated in the charts below, LAFPP devotes 23.01 percent of its portfolio to alternatives assets. The pension has a strong appetite for North American venture capital funds.
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