LA Fire & Police Pension Commits $390M to Alts

According to meeting materials from the January 18th board meeting, the Los Angeles Fire & Police Pension System has approved nine commitments totalling $390 million to private equity, real estate, and private credit.

In private equity, $50 million was allocated to Court Square Partners V. $75 million was allocated to Clearlake Capital Partners VIII. $10 million was allocated to Turnspire Value Fund II. $15 million was allocated to Work-Bench Ventures IV. $50 million was allocated to Insight Partners XIII. $50 million was allocated to Trive Capital Fund V. Lastly, $50 million was allocated to Wynnchurch Capital Partners VI. 

In real estate, $40 million was allocated to the Principal Data Center Growth & Income Fund.

In private credit, $50 million was allocated to Ares Senior Direct Lending Fund III. 

As of December 31, the $30 billion Pension Fund allocates 17.06% to private equity, 10.49% to real estate, and .01% to private credit.

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