LAFPP approves $75m in commitments

The US public pension has backed an Asia focused fund and two North America focused funds.

Los Angeles Fire & Police Pension System announced commitments of $40 million to ABRY Advanced Securities Fund IV, $25 million to Baring Asia Private Equity Fund VII and $10 million to Polaris Growth Fund I.

The $21 billion US public pension has a 10 percent target allocation to private equity that currently stands at 8.66 percent.

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