LA Fire and Police Commits $225M to Alts

At the June 20 board meeting, a total of $255 million in commitments was approved by the board of the Los Angeles Police & Fire Pension System, spread across 7 separate alternative investment funds.

Three commitments were made to private equity including a $15 million commitment to Centana Growth Partners II. A $60 million allocation was committed to Thoma Bravo Discover V. An additional $20 million was allocated to Thoma Bravo Europe I. 

In real estate, $40 million was invested in Jadian Real Estate Fund II, an opportunistic fund strategy. 

Also approved at the June board meeting were three commitments to private credit funds. $40 million was allocated to Atalaya Asset Income Fund Evergreen. Additionally, a $50 million allocation was committed to Fidelity Evergreen Private Credit Fund. Lastly, a $30 million investment was made to Atalaya Special Opportunities Fund IX. 

As of June 30, 2024, LAFPP had a market value of $31.33 billion. 

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Written By: Jane Bailey, Marketing Associate

Jane Bailey is a Marketing Associate at Dakota.

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