LAFPP approves $40m commitment

The US public pension has backed a North America focused fund.

The Los Angeles Fire & Police Pension System (LAFPP) board agreed in closed session to commit $40 million to Hellman and Friedman Capital Partners IX, according to the agenda for the October 18th Board of Fire and Police Pension Commissioners meeting.

The $20.26 billion US public pension has a 10 percent target allocation to private equity that currently stands at 8.66 percent.

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