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LAFPP approves $30m in commitments

The US public pension has backed three North America-focused venture capital funds.

Institution: Los Angeles Fire & Police Pension System
Headquarters: Los Angeles, United States
AUM: $24.53bn
Allocation to alternatives: 22.54%
Bitesize: $10-50m

Los Angeles Fire & Police Pension System committed $10 million to Ulu Ventures Fund III, $10 million to Base 10 Partners II and $10 million to Centana Growth Partners II. Capital raised by the three funds will be used to invest in early-stage technology companies throughout North America.

The $24.53 billion public pension has a 12 percent target allocation to private equity that currently stands at 10.09 percent.

As illustrated in the charts below, LAFPP devotes 22.54 percent of its full investment portfolio to alternative assets. The pension has a strong appetite for funds that focus on the North America region across diversified sectors.

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