- Name: Los Angeles Fire & Police Pension System
- HQ: Los Angeles, US
- AUM: $31.1 billion
- Allocations to alternatives: 27.71%
Los Angeles Fire & Police Pension System (LAFPP)has announced $150 million in commitments to two real estate funds, according a source from its board meeting.
LAFPP provides health and retirement services for firefighters and police officers. The pension system is administered by the Department of Fire and Police Pensions.
LAFPP has a 12.34 percent allocation to real assets, which comprises $3.8 billion in capital. It has a target allocation of 10 percent to the asset class.
As illustrated below, LAFPP’s recent private real estate commitments have been focused on North American value-add vehicles in the residential sector.
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