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.
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