Los Angeles Fire & Police Pensions committed up to $27.5 million to three alternative investment funds, according to documents on the $21.3 billion pension fund's website.
Pension officials committed up to $10 million to Greycroft Growth III, a U.S. early stage venture capital fund that invests in digital media companies, and an additional amount of up to $10 million to middle-market buyout fund Gridiron Capital Fund IV.
Pension officials have previously invested with Greycroft, including up to $40 million in Greycroft Growth II in 2019.
Separately, pension officials committed up to $7.5 million to Imaginary Venture Capital Partners II, an early stage venture capital fund managed by Imaginary Ventures.
