LAFPP approves $37.5m in commitments across three funds

The $20.6bn US public pension invests in three North America-focused funds.

The Los Angeles Fire and Police Pension System (LAFPP) disclosed commitments totaling $37.5 million to three North America-focused funds at its January 18 board meeting.

These commitments, which all were finalized in November 2017, include $7.5 million to Astra Partners I; $5 million to Mill Point Capital Partners; and $25 million to Siris Partners IV.

The $20.6 billion US public pension also reported at the same meeting that its commitment of $25 million to Clearwater Capital Partners V in December 2017 was reduced to $20 million due to the fund’s oversubscription.

LAFPP has a 10% allocation target to private equity that currently stands at 9.1%.

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