Los Angeles Fire & Police Pensions committed a total of up to $80 million to three alternative investment funds in closed session, the $27.8 billion pension fund reported.
Pension fund officials committed up to $40 million to Exeter Europe Logistics Value Fund IV, a real estate fund managed by Exeter Property Group that aims to invest in industrial and logistics real estate assets.
The board also committed $25 million to Charlesbank Equity Fund X, a middle-market private equity fund managed by Charlesbank Capital Partners; and up to $15 million to Clearhaven Fund I managed by Clearhaven Partners, a lower-middle-market technology-focused private equity firm.