Los Angeles Fire & Police allocates $80 million to 3 alternative funds

Los Angeles Fire & Police Pensions board, in a closed session, committed up to $80 million to three alternative investment funds, according to a report issued in late September.

The $30.7 billion pension fund committed up to $50 million to TPG Growth V, a special situations fund; and up to $15 million each to Diversis Capital Partners II, a lower middle-market buyout fund, and Fika Ventures III, a seed-stage venture capital fund.