Twitter LinkedIn
    Tuesday, May 17
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Private Equity»Los Angeles Fire & Police eyes up to $950 million in private equity commitments
    Private Equity

    Los Angeles Fire & Police eyes up to $950 million in private equity commitments

    March 5, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Los Angeles Fire & Police Pensions plans to commit $700 million to $950 million to private equity in 2021, the $27.8 billion pension plan’s private equity strategic plan update shows. LAFPP committed $734.2 million to private equity in 2020. The plan had about $3 billion in private equity as of Sept. 30, representing 12.1% of the total plan. Los Angeles Fire & Police Pensions’ target private equity allocation is 14%.

    In the first nine months of 2020, the pension plan’s private equity allocation had a net negative cash flow of $105 million for the first time since 2011, when it had a net negative cash flow of $62 million. Net negative cash flows means that the pension plan made more contributions than it received back from its general partners in distributions.

    Portfolio Advisors, the pension plan’s private equity consultant, said in the strategic plan update that LAFPP should “lean into” the private equity asset class in 2021 and 2022. “Vintage years 2019 through potentially 2022 could be some of the better performing vintage years in the history of private equity,” Portfolio Advisors said in the update.

    Read more/Source: Pensions&Investments

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    2021 Capital deals PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Hedge Funds Continue To Expand Into The Private Equity Market

    May 16, 2022

    White Mountains to sell NSM to Carlyle

    May 16, 2022

    Alan Howard’s crypto platform attracts investment from Goldman Sachs and Barclays

    May 16, 2022

    Toshiba reveals takeover interest as battle heats up

    May 16, 2022

    Comments are closed.

    Other Articles

    Elliott and Brookfield near $15bn deal to buy TV ratings group Nielsen

    March 16, 2022

    Bain Capital invests $200 million in Chinese tech startup

    March 22, 2021

    Apollo Mulls Merging Yahoo Sports With Betting Firms, Including PointsBet, to create +$1bn gambling giant

    March 4, 2022

    Nestle sells Poland Spring to private-equity firms

    April 2, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?