Los Angeles Fire & Police Pension System committed $20 million to Thoma Bravo Fund IX, and €20 million ($25.4 million) to LBO France White Knight VIII, said Michael A. Perez, general manager for the $11.7 billion system.
Both are middle-market leveraged buyout funds.
Thoma Bravo IX focuses on the software and service industries with an $800 million target. Thoma Bravo was formed in 2007, following the breakup of private equity firm Thoma Bravo Cressey; the system has invested in three of the predecessor firm's earlier funds. The general partner will commit $50 million to the fund.
White Knight VIII invests in French-based multinational corporations with a €1.2 billion target. The general partner will contribute €40 million to the fund.
Aldus Equity assisted on both.