The Los Angeles Fire and Police Pensions (LAFPP) has committed up to $75 million to Wolff Credit Partners IV, according to meeting materials.
Wolff Credit Partners IV, a vehicle of The Wolff Co., is a closed-end, value-added fund that invests in multifamily debt in the United States. A fundraising goal has not been determined. Wolff Credit Partners III, its predecessor, raised $510 million in equity, of which LAFPP committed $35 million in 2021.
LAFPP, a public pension fund, had $32.5 billion in total assets under management, as of Dec. 31, 2024. As of then, the fund had a 10 percent real estate allocation target with $3.2 billion in total real estate assets under management.
