LAFPP commits $5m

The $20.6bn US public pension backs a Silicon Valley early-stage VC fund.

The Los Angeles Fire and Police Pension Plan disclosed that it approved a $5 million commitment to Innovation Endeavors III in January, according to meeting documents from LAFPP’s board meeting yesterday.

The $20.6 billion US public pension has a 10 percent target allocation to private equity that currently stands at about 9 percent. Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.