The Los Angeles Police & Fire Pension System (LAFPP) has approved two commitments to private equity’s Spark Capital, totalling $30 million, according to a report from the March 21 board meeting.
$10 million was allocated to Spark Capital Fund VIII.
An additional $20 million was allocated to Spark Capital Growth Fund V.
Both investments closed on December 21, 2023.
As of February 29th, the $30 billion LAFPP allocates 16.94% to private equity.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!