LAFPP approves $59.23m in commitments

The US public pension has backed two buyout funds.

Institution: Los Angeles Fire & Police Pension System
Headquarters: Los Angeles, United States
AUM: $22.60bn
Allocation to alternatives: 24.53%
Bitesize: $10-50m

Los Angeles Fire & Police Pension System has announced $59.23 million-worth of private equity commitments to two vehicles, according to its May board meeting packet.

The commitments comprise of $30 million to One Rock Capital Partners III and £24 million ($29.23 million) to Livingbridge 7.

The $22.60 billion public pension has a 12.0 percent target allocation to private equity that currently stands at 12.01 percent.

As illustrated in the charts below, LAFPP devotes 24.53 percent of its full investment portfolio to alternative assets. The pension has a strong appetite for funds focused on North America.

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