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LAFPP approves $51.2m in commitments

The US public pension has backed two multi-regional private equity funds.

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Institution: Los Angeles Fire & Police Pension System
Headquarters: Los Angeles, United States
AUM: $20.50bn
Allocation to alternatives: 21.66%

The Los Angeles Fire & Police Pension System announced commitments of $26.2 million to Astorg VII and $25 million to Court Square Capital Partners IV, according to meeting minutes.

The $20.50 billion public pension system has a 10% target allocation to private equity that currently stands at 8.66%.

As illustrated in the charts below, LAFPP has allocated 21.66% to alternative assets. It is the first round of commitments that the pension has announced in 2019.

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