LA Fire & Police Pension Commits $85M to Private Equity, Private Credit

The Los Angeles Fire & Police Pension System has approved two commitments to private equity and private credit totalling $85 million according to notes from the December 21st board meeting.

In private equity, $50 million was allocated to TGP Growth VI. In private credit, $35 million was allocated to HPS Specialty Loan Fund VI. 

As of September 30, 2023, the Pension Fund allocates 18.09% to private equity with a target of 15%. Additionally, the Fund allocates 0.01% to private credit with a target of 3%. 

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