The Los Angeles Police & Fire Pension System recently reviewed the 2024 private equity commitment pacing plan.
In a presentation from private equity consultant Portfolio Advisors, it was recommended that the Plan target $800 million of commitments for the year.
Of the $800 million, $400 million is being targeted to buyouts strategies, $200 million is aimed at venture capital/growth funds, and $200 million will be reserved for special situations strategies.
As of December 31, 2023 the $30.75 billion pension fund allocates approximately 17.1% to private equity exposure with a target allocation of 15%.
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