Institution: Los Angeles Fire & Police Pension System
Headquarters: Los Angeles, United States
Allocation to Alternatives: 23.66%
Los Angeles Fire & Police Pension System has committed $40 million to Gridiron Capital Fund IV, $9.5 million to Defy Partners II and $10 million to Blue Sea Capital Fund II. The funds will invest in a variety of sectors throughout North America that include technology, healthcare, industrials, consumer goods, manufacturing and business services.
The US public pension has a 12% target allocation to private equity that currently stands at 10.50%.
As illustrated in the charts below, LAFPP currently allocates 23.66% to alternative assets. The pension has a strong appetite for North American venture capital funds.
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