Los Angeles Fire & Police Pensions committed up to $60 million in two alternative investment funds, according to a report of closed session actions taken by the board of the $29.3 billion pension fund.
Pension fund officials committed up to $50 million in MPE Partners IV, a lower-middle-market buyout fund managed by MPE Partners, and up to $10 million to venture capital fund Renegade Partners II.
LAFPP also approved the sale of Twin Creeks Village, a property held in a separate account managed by AEW Capital Management, for a minimum of $44 million.
