--- title: LA Police & Fire Commits $135 million to Alts description: LA Police & Fire Commits $135 million to Alts image: https://dakotafunds.com/hubfs/Imported_Blog_Media/pamela-heckel-3wN7HcTKn8U-unsplash.jpg --- [![dakota_logo](https://dakotafunds.com/hs-fs/hubfs/dakota_logo.png?width=150&height=44&name=dakota_logo.png) ](https://dakotafunds.com) - [ About ](https://dakotafunds.com/about-us) - [ Team ](https://dakotafunds.com/team-update) - [ Partners ](https://dakotafunds.com/clients) - [ Contact ](https://dakotafunds.com/contact-us-update) [![dakota_logo](https://dakotafunds.com/hs-fs/hubfs/dakota_logo.png?width=150&height=44&name=dakota_logo.png) ](https://dakotafunds.com) ** - [ About ](https://dakotafunds.com/about-us) - [ Team ](https://dakotafunds.com/team-update) - [ Partners ](https://dakotafunds.com/clients) - [ Contact ](https://dakotafunds.com/contact-us-update) # LA Police & Fire Commits $135 million to Alts **Written by: ** Jane Bailey, Marketing Associate ![](https://dakotafunds.com/hubfs/Imported_Blog_Media/pamela-heckel-3wN7HcTKn8U-unsplash.jpg) According to meeting materials for the February 15, 2024 board meeting, the Los Angeles Police & Fire Pension System has approved four commitments to private equity, real estate, and private credit.  In private equity, it is noted that the board approved the commitment of up to a total of $15 million to TELEO Capital II, L.P. The investment closed on January 31, 2024.  It is reported that the board approved two commitments to real estate at their November 16, 2023 board meeting. $40 million was allocated to Kayne Anderson Core Real Estate Fund. The investment closed on January 1, 2024. Also in real estate, $60 million was allocated to Cerberus Institutional Real Estate Partners VI, L.P. The investment closed on January 31, 2024. Lastly, in private credit, $20 million was allocated to Atlantic Park Strategic Capital Fund II at the December 21, 2023 board meeting. The investment closed on January 31, 2024. As of January 31, 2024, the $29.37 billion Pension Fund currently allocates 17.06% to private equity with a target of 15%. 10.44% is allocated to real estate with a target allocation of 10%. Additionally, 0.01% is currently allocated to private credit with a target of 3%. *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](https://www.dakota.com/dakota-marketplace)!* Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [Real Estate](https://dakotafunds.com/dakota-funds/tag/real-estate), [Private Equity](https://dakotafunds.com/dakota-funds/tag/private-equity), [Private Credit](https://dakotafunds.com/dakota-funds/tag/private-credit) ### Recent Posts [EP Wealth Acquires Wacker Wealth Partners](https://dakotafunds.com/dakota-funds/fundraising-news/ep-wealth-acquires-wacker-wealth-partners) April 04, 2024 [JTP Capital Seeking Fundraising and CRM Database Management Assistant](https://dakotafunds.com/dakota-funds/fundraising-news/jtp-capital-seeking-fundraising-and-crm-database-management-assistant) April 04, 2024 [$700M Merrill FAs Depart to Sanctuary](https://dakotafunds.com/dakota-funds/fundraising-news/700m-merrill-fas-depart-to-sanctuary) April 03, 2024 [Greenbacker Capital Seeking Internal Sales Representative](https://dakotafunds.com/dakota-funds/fundraising-news/greenbacker-capital-seeking-internal-sales-representative) April 03, 2024 [NY Common Commits $550M to Venture Capital, Real Estate](https://dakotafunds.com/dakota-funds/fundraising-news/ny-common-commits-550m-to-venture-capital-real-estate) April 03, 2024 ## Related Blogs March 25, 2024 #### Louisiana Police Retirement Invests $7M in Growth Equity The Louisiana State Police Retirement System has approved a $7 million commitment to growth equity.... 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[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/massachusetts-prim-commits-775m-to-alternatives) ![footerLogo](https://dakotafunds.com/hubfs/footerLogo.svg) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Jane Bailey, Marketing Associate", "url" : "https://dakotafunds.com/dakota-funds/author/jane-bailey-marketing-associate" }, "dateModified" : "2024-04-04T20:31:50.995Z", "datePublished" : "2024-02-13T05:00:00.000Z", "headline" : "LA Police & Fire Commits $135 million to Alts", "image" : [ "https://dakotafunds.com/hubfs/Imported_Blog_Media/pamela-heckel-3wN7HcTKn8U-unsplash.jpg" ], "mainEntityOfPage" : { "@id" : "https://dakotafunds.com/dakota-funds/fundraising-news/la-police-fire-commits-135-million-to-alts", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject" }, "name" : "Dakota Funds Group" } } ```