LAFPP approves $135m in commitments

The US public pension has backed two North America and one Asia focused funds.

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.

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