The Los Angeles Fire and Police Pensions (LAFPP) has approved a commitment of up to $60 million to Townsend Group’s Real Estate Capital Solutions IV, according to meeting materials.
Townsend Real Estate Capital Solutions IV, a vehicle of The Townsend Group, is an opportunistic fund. A fundraising goal has not been determined.
LAFPP, a public pension fund, had $32.5 billion in total assets under management, as of Dec. 31, 2024. As of then, it had $3.1 billion in total real estate assets, with a 10 percent real estate allocation target.
