LAFPP approves $80m commitment

Institution: Los Angeles Fire & Police Pension System
Headquarters: Los Angeles, United States
AUM: $31.09 billion
Allocation to alternatives: 22.11%

Los Angeles Fire & Police Pension System has confirmed an $80 million commitment to Clearlake Capital Partners VII, according to the pension’s September 2021 board meeting document.

The $31.09 billion US public pension has a 14 percent target allocation to private equity that currently stands at 13.18 percent.

As illustrated in the charts below, LAFPP devotes 22.11 percent of its full investment portfolio to alternative assets.

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