LAFPP approves $59.5m in commitments

Institution: Los Angeles Fire & Police Pension System
Headquarters: Los Angeles, United States
AUM: $22.00bn
Allocation to Alternatives: 23.66%
Bitesize: $10-50m

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.

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