LA Fire and Police Commits $65M to Private Equity, Private Credit

Two commitments were approved by the Los Angeles Fire and Police Pension System (LAFPP) to private equity and private credit totalling $65 million, according to materials from the May 16th retirement board meeting.

LAFPP approved an allocation of $15 million to Estancia Capital Partners Fund III. 

Also disclosed was a $40 million investment to Tree Line Direct Lending Fund IV.

As of March 31, 2024 the $31.4 billion retirement fund allocates 16.89% to private equity and 0.02% to private credit. 

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