Los Angeles Fire & Police Pension System approved commitments of $35 million to Unico Core Plus Partners and $50 million to Almanac Realty Securities VIII and Heitman Asia-Pacific Property Investors repectively.
The $21 billion US public pension has a 10 percent target allocation to private real estate that currently stands at 8.68 percent.
Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.
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