Los Angeles Fire and Police Pensions (LAFPP) has bulked up its investments in real estate and infrastructure by approving new commitments of $120m (€103.2m), according to recent meeting documents.
The real estate commitment was $60m into the Kayne Anderson Real Estate Partners VII commingled fund. The Kern County Employees Retirement Association also made a commitment to Partners VII, with a $30m investment.
Partners VII mostly invests in alternative property assets throughout the US, including student housing, medical office buildings, and senior housing, and some light industrial assets. Kayne Anderson declined to comment.
LAFPP has approved two new commitments with Snowhawk totaling $60m, according to the pension fund.
One part of this was a $36m commitment into the Snowhawk Capital Digital Opportunities Fund I.
Snowhead announced earlier this month a final close on the commingled fund with approximately $1.3bn in commitments into the fund and separate deal-level co-investments.
This fund will represent Snowhawk’s inaugural commingled fund after the company was formed in 2022. Investors in Fund I include a mixture of public and private pension funds, sovereign wealth funds, and insurance companies.
The commingled fund will invest in digital infrastructure assets and services across North America with a focus on control-oriented investments in the lower middle market.
The other commitment by LAFPP was $24m into the Snowhawk Capital Digital Opportunities SMA I.
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