Los Angeles Fire & Police Pension System committed a total of up to $40 million to two venture capital funds, agenda materials for the pension fund’s Thursday meeting show.
The $18.9 billion pension fund committed up to $25 million to Institutional Venture Partners XV and up to $15 million to Pelion Venture Partners VI.
Los Angeles Fire & Police Pension System made commitments to the prior funds of both managers — Institutional Venture Partners XIV and Pelion Ventures V.
