Publications

LA Fire & Police commits $40m to Principal data center fund
Investors - JANUARY 19, 2024

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

LA Fire & Police commits $40m to Principal data center fund

by Lewis Dayton

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.

Forgot your username or password?