LAFPP approves $75m in commitments

The US public pension has backed two real estate funds.

Institution: Los Angeles Fire & Police Pension System
Headquarters: Los Angeles, United States
AUM: $20.60bn
Allocation to alternatives: 21.66%

The Los Angeles Fire & Police Pension System announced commitments of $40 million to Lone Star Fund XI and $35 million to Asana Partners II, according to documents from a November 15th board meeting. Lone Star Fund XI invests in residential real estate throughout multiple regions while Asana Partners II invests in retail properties throughout North America.

As illustrated in the charts below, the $20.6 billion public pension has a 10% target allocation to real estate that currently stands at 8.68%.

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