Los Angeles Fire and Police Pensions (LAFPP) has made $150m (€146.4m) worth of commitments to industrial and apartment real estate funds.

The pension fund said in a meeting document that it has made $75m commitments to the EQT Exeter Industrial Value Fund VI fund and Abacus Multi-Family Partners VI.

EQT Exeter is seeking to raise $5bn for the US industrial real estate fund which will mainly target big-box and last-mile logistics assets.

The Abacus Capital Group fund is seeking to raise $1.45bn to acquire garden-style apartments that can generate a net internal rate of return in the mid-teens.

To read the latest edition of the latest IPE Real Assets magazine click here.