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L.A. Fire & Police commits $40m to Lone Star debt fund

by Jody Barhanovich

The $19.5 billion Los Angeles Fire and Police Pension System has committed $40 million to Lone Star Fund X, a global debt fund managed by Lone Star Funds, according to meeting documents. This is LAFPP’s first commitment with Lone Star.

The closed-end, opportunistic fund will invest in the United States, Europe and Japan, and has a $6 billion fundraising target. 

Fund X previously received a $75 million commitment from Teachers’ Retirement System of Louisiana earlier this month and a commitment of $150 million from New Mexico Educational Retirement Boardin August 2016, helping them

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