Searches and Hires

Los Angeles Fire & Police slates up to $30 million for private equity

Los Angeles Fire & Police Pension System committed up to $30 million to two private equity funds in closed session, according to a report for the $21.5 billion pension plan board.

Pension fund officials at their Sept. 20 meeting committed up to $20 million to Canaan XI, an early-stage venture capital fund managed by Canaan Partners, and up to $10 million to private equity fund ICV Partners IV. Both are existing relationships.