Institution: Los Angeles Fire & Police Pension System
Headquarters: Los Angeles, United States
Allocation to alternatives: 22.65%
Los Angeles Fire & Police Pension System committed $30 million to Green Equity Investors VIII, $20 million to Jade Equity Investors and $1.60 million to Ares PE Extended Value Fund. The three buyout funds will be used to invest in several sectors throughout North America including consumer goods, business services, healthcare and retail.
The $24.21 billion US public pension has a 12 percent target allocation to private equity that stands at 9.96 percent.
As illustrated in the charts below, LAFPP devotes 22.65 percent of its investment portfolio to alternative assets. The pension has a strong appetite for North America-focused funds.
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