Return to search

LAFPP approves $190.39‬m in commitments

The US public pension has backed six diversified funds.

Institution: Los Angeles Fire & Police Pension System
Headquarters: Los Angeles, United States
AUM: $22.97 billion
Allocation to alternatives: 23.52%

Los Angeles Fire & Police Pension System has confirmed $190.39 million-worth of private equity commitments to six vehicles, according to a document from its June board meeting.

The commitments comprise of $20 million to DFJ Growth IV, €53.80 million to CVC Capital Partners VIII, $20 million to Canaan XII, $60 million to Thoma Bravo Fund XIV, $20 million to Thoma Bravo Discover Fund III and $10 million to Thoma Bravo Explore Fund.

The $22.97 billion US public pension has a 12 percent target allocation to private equity that currently stands at 11.13 percent.

As illustrated in the charts below, LAFPP devotes 23.52 percent of its full investment portfolio to alternative assets.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.