Los Angeles Fire & Police Pensions committed up to $20 million to Innovation Endeavors V, L.P, a venture capital fund, according to a report for the $30 billion pension plan's board.
The pension fund has invested with the technology-focused venture capital manager in the past, including about $5 million to Innovation Endeavors III in 2018.
L.A. Fire & Police Pensions has a 15% private equity allocation.
