Los Angeles Fire and Police Pensions (LAFPPF) has committed $40 million to Principal Data Center Growth & Income Fund (PDCGIF), a fund managed by Principal Asset Management focused on investing in data center assets.
LAFPP has an existing relationship with Principal Asset Management, having made commitments to Principal Green I and to Principal Core USPA in the past.
As of Dec. 31, 2023, 10.49 percent ($3.23 billion) of LAFPP’s $30.75 billion portfolio was allocated towards real estate.
For more information about this commitment or other funds, please visit our IREI.Q database.
