Los Angeles Fire & Police Pensions committed up to $95 million to two alternative investment funds and added up to $17.5 million to two funds in which it had previously invested, a staff report on closed session actions for the $28.7 billion pension plan shows.
Plan officials committed up to $80 million to RREEF Core Plus Industrial Fund, an open -end industrial fund managed by DWS Group; and up to $15 million to Avance Investment Partners, a buyout fund managed by Avance Investment Management.
LAFPP also committed an additional up to $10 million to One Rock Capital Partners III, a middle-market buyout fund managed by One Rock Capital Partners. The additional allocation brings the pension plan's total commitment to the fund to $40 million. Plan officials also committed another up to $7.5 million to Resolve Growth Partners Fund I, a small-cap growth equity fund focusing on software investments managed by Resolve Growth Partners. This latest allocation to the fund brings LAFPP's total commitment to $15 million.
