Los Angeles Fire & Police Pensions board in closed session committed a total of up to $240 million to five alternative investment funds, according to a report of actions taken at March and April board meetings.
The board committed up to $60 million to Insight Partners XII, a growth equity fund and up to $20 million to Insight Partners XII Buyout Annex Fund, both managed by Insight Partners.
The board committed up to $50 million to ABRY Senior Equity VI, a mezzanine debt fund managed by ABRY Partners. The board also committed $40 million to Trive Capital Fund IV and $10 million to Trive Structured Capital Fund I, both managed by managed by Trive Capital Management, a buyout and growth equity firm.
LAFPP committed $60 million to Hellman & Friedman Capital Partners X, large-cap buyout fund. The board in a closed session meeting on April 1 had approved an $80 million commitment, but the manager cut its commitment because the fund was oversubscribed.