The Los Angeles Fire & Police Pension System has made commitments totaling $65 million across two private equity funds at the August 4th board meeting.
$50 million was committed to Blue Sea Capital III fund. In addition, $15 million was committed to CenterGate II. Both are buyout funds focused on the lower-middle market.
As of September 30, 2022, the $27 billion pension fund allocates approximately 18% to private equity.
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