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LAFPP approves $30m in commitments

The US public pension has backed four North American private equity funds.

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Institution: Los Angeles Fire & Police Pension System
Headquarters: Los Angeles, United States
AUM: $23.71bn
Allocation to alternatives: 23.06%
Bitesize: $10-50m

Los Angeles Fire & Police Pension System committed $5 million to Estancia Capital Partners Fund II, $7.5 million to Resolve Growth Partners Fund I, $7.5 million to Pear Ventures III and $10 million to Sunstone Partners II. The funds will invest in North American companies, with all but Estancia Capital Partners Fund II investing in technology startups.

The $23.71 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 currently allocates 23.06 percent to alternative assets. The pension has a strong appetite for funds that invest in early stage technology companies throughout North America.

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