FUNDRAISING NEWS | August 27, 2024
The Los Angeles Fire & Police Pension System (LAFPP) has approved five allocations to private equity, private credit, and real estate funds totaling $225M, according to meeting materials from the August 15th board meeting.
LAFPP made three commitments to private equity, including a $50M allocation to Mill Point Capital. The investment into the middle-market buyout fund strategy closed on July 3.
LAFPP allocated $50M to middle-market buyout fund CenterOak Equity Fund III. The investment closed on July 12.
An additional $50M was allocated to Platinum Equity Small Cap Fund II, a lower middle market buyout fund strategy. The investment closed on July 19.
In real estate, $40M was allocated to WCP NewCold III, a value-add fund strategy. The investment closed on July 17.
Lastly, $35M was allocated to private credit direct-lending fund Monroe Capital Private Credit (Delaware) Feeder Fund V. The investment closed on July 2.
As of July 31, LAFPP allocates 16.79% to private equity, 0.17% to private credit, and 9.72% to real estate.
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Jane Bailey is a Marketing Associate at Dakota.
