The Los Angeles Fire & Police Pensions (LAFPP) has set its pacing plan at $500 million of infrastructure commitments in 2025, according to meeting materials from March 20.
LAFPP plans to commit up to $300 million to strategic investments. It will target one to two new commitments with a range of $100 million to $150 million per fund. These commitments will focus on diverse options with stable cash flow and will consider existing open-end funds and new fund launches.
The retirement system also plans to commit up to $200 million to tactical investments, with one to two new commitments ranging from $80 million to $100 million per fund. These chosen commitments will be focused on diversified tactical strategies with managers that will promote growth through operational movement, energy transition strategies and digital infrastructure.
LAFPP is a public pension fund with $32.5 billion in total assets under management, as of Dec. 31, 2024.
