Institution:Â Los Angeles Fire & Police Pension System
Headquarters:Â Los Angeles, United States
AUM: $23.89bn
Allocation to alternatives: 22.46%
Bitesize:Â $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.
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