FUNDRAISING NEWS | January 03, 2025
The Los Angeles Fire & Police Pension System closed $70M worth of commitments to a trio of funds in deals made during November, according to materials related to its board meeting on December 19 of last year.
The California pension allocated $50M to middle-market buyout Linden Capital Partners VI, as well as $10M each to real estate funds Westport Capital Partners NewCold III and Jadian Real Estate Fund II. The deals were closed on November 13 last year for the Linden commitment, November 14 for Westport, and November 22 for Jadian.
As of November 30, 2024, LA Fire & Police allocated 16.61% of its portfolio to private equity and 9.66% to real estate against target weights of 15% and 10%, respectively. In total, the pension manages $33.5B in plan assets.
