Los Angeles Fire & Police Pensions committed up to $233 million to private market funds, according to a report of closed-session action.
Officials at the $33.4 billion pension fund committed up to $50 million to to Bansk Fund II, a buyout fund managed by Bansk Group. The pension fund also committed up to €46 million ($48 million) to Rivean Capital Fund VII, a buyout fund managed by Rivean Capital, up to $30 million to middle-market buyout fund GTCR Strategic Growth Fund II and $30 million Locust Point Private Credit Fund III, a real estate debt fund managed by Locust Point Capital.
LAFPP also committed an additional $25 million each to the following funds: buyout fund Court Square Capital Partners V; TPG Growth VI, a buyout and growth equity fund; and buyout fund Trive Capital Fund V.
