Los Angeles Fire & Police Pensions committed a total of $370 million to alternatives — up to $280 million combined to seven private equity funds and up to $90 million total to real estate and private credit, said a report for the $30.4 billion pension fund's board.
Pension fund officials committed up to $75 million to Clearlake Capital Partners VIII, a private equity special situations and value fund managed by Clearlake Capital Group.
The board also committed up to $50 million each to buyout fund Court Square Capital Partners V, venture capital and growth equity fund Insight Partners XIII and buyout fund Trive Capital Fund V.
LAFPP also committed $30 million to buyout fund Wynnchurch Capital Partners VI. The pension fund's original commitment of up to $50 million was reduced due to oversubscription. And the board committed up to $15 million to venture capital fund Work-Bench Ventures IV and up to $10 million to Turnspire Value Fund II, a North American lower-middle-market buyout fund managed by Turnspire Capital Partners.
The pension fund also committed up to $50 million to Ares Senior Direct Lending Fund III, a private credit direct lending fund managed by Ares Management , and up to $40 million to Principal Data Center Growth & Income Fund, a data center real estate fund managed by Principal Global Investors.
