- 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.
It has committed $75 million to EQT Exeter Industrial Value Fund VI and $75 million to Abacus Multi-Family Partners VI.
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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