Institution:Â Los Angeles Fire & Police Pension System
Headquarters:Â Los Angeles, United States
AUM:Â $22.34bn
Allocation to alternatives:Â 23.18%
Bitesize:Â $10-50m
Los Angeles Fire & Police Pension System has committed $40 million to Stepstone Secondaries IV. The diversified fund will invest in private equity secondaries throughout North America.
As illustrated in the charts below, LAFPP has a strong appetite for North American private equity secondaries funds. Tom Lopez is the chief investment officer of the $22.34 billion pension.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.