Los Angeles Fire & Police commits $47.5m to PE

Los Angeles Fire & Police committed $47.5 million to two private equity funds

Los Angeles Fire & Police Pension System committed $40 million to Platinum Equity Capital Partners IV, and $7.5 million to Bain Capital Double Impact Fund.

The $18.05 billion US public pension has an 8.92 percent allocation to private equity.

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