Name: Los Angeles Fire & Police Pension System
Headquarters: Los Angeles, US
AUM: $29.9 billion
The Los Angeles Fire & Police Pension System has confirmed new target allocations in its latest board meeting materials.
The board chose to eliminate the 5 percent target allocation to international emerging markets equity in order to increase target allocations to international developed equity by 2 percent, private equity by 1 percent, private debt by 1 percent and commodities by 1 percent.
The increased target allocations to private equity and debt comes at a time when high-rate environments are driving LPs to shift their long-term strategies in favor of private markets.
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