LAFPP approves $40m in commitments

The US public pension has backed three North American venture capital funds.

Institution: Los Angeles Fire & Police Pension System
Headquarters: Los Angeles, United States
AUM: $23.89bn
Allocation to alternatives: 22.46%
Bitesize: $10-50m

Los Angeles Fire & Police Pension System has committed $15 million to Oak HC/FT Partners III, $10 million to Threshold Ventures III and $15 million to Pelion Ventures VII. The funds will invest in North American startup companies across a variety of sectors, with a focus on technology.

The $23.89 billion US public pension has a 12% target allocation to private equity that currently stands at 9.92%.

As illustrated in the charts below, LAFPP allocates 22.46% to alternative assets. The pension has a strong appetite for venture capital funds that invest in North American companies.

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