DFX Intelligence
Allocator Intelligence
The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.
Public pension
Los Angeles Fire and Police Pension System
Public pensionpolice fireCA
Assets
$31B
Fiduciary net position, Jun 30, 2025 reported
Funded
n/a
not filed
Private markets target
33.3%
policy Jun 30, 2025
Commitments
0
none on the tape
Allocation policy
ACFR, as of Jun 30, 2025
| Asset class (as printed) | Bucket | Target | Range | Actual | Gap | Basis |
|---|---|---|---|---|---|---|
| Cash | Cash | 1.0% | reported content.lafpp.lacity.gov | |||
| High Yield Bonds | Fixed income | 2.2% | reported content.lafpp.lacity.gov | |||
| Treasury Inflation Protected Securities (TIPS) | Fixed income | 3.5% | reported content.lafpp.lacity.gov | |||
| U.S. Core Fixed Income | Fixed income | 10.8% | reported content.lafpp.lacity.gov | |||
| Unconstrained Fixed Income | Fixed income | 2.2% | reported content.lafpp.lacity.gov | |||
| Private Infrastructure | Infrastructure | 2.0% | reported content.lafpp.lacity.gov | |||
| Commodities | Natural resources | 0.0% | reported content.lafpp.lacity.gov | |||
| Global Credit | Private credit | 3.3% | reported content.lafpp.lacity.gov | |||
| Private Credit | Private credit | 3.0% | reported content.lafpp.lacity.gov | |||
| Private Equity | Private equity | 15.0% | reported content.lafpp.lacity.gov | |||
| Domestic Large Cap Equity | Public equity | 23.0% | reported content.lafpp.lacity.gov | |||
| Domestic Small Cap Equity | Public equity | 6.0% | reported content.lafpp.lacity.gov | |||
| International Developed Equity | Public equity | 18.0% | reported content.lafpp.lacity.gov | |||
| Real Estate | Real estate | 8.5% | reported content.lafpp.lacity.gov | |||
| Real Estate Investment Trusts (REITS) | Real estate | 1.5% | reported content.lafpp.lacity.gov |
Policy periods on the tape: Jun 30, 2025 (ACFR), Jun 30, 2024 (ACFR). Target changes between periods are on the what changed list.
Consultants and advisers
1 firms
- Northern Trust Co. Custodianthrough Jun 30, 2025 ACFR
People
2 roles
Chief investment officer
Bryan Fujita
Investments Division Chief Investment Officer (Jun 30, 2025) content.lafpp.lacity.gov
Investments Division Pensions Division
Chief Assistant
Investment Officer General Manager
BRYAN FUJITA GREGORY MACK
- Joseph Salazar General ManagerExecutive director / CEO
Manager roster
No manager relationship is on the tape for this allocator.
Commitments
No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.
Size and funding
58 readings
Fiduciary net position
$28B (2024-06) · $26B (2023-06) · $25B (2022-06)
What changed
8 events
- Jun 30, 2025Allocation target changedLos Angeles Fire and Police Pension System cut its Commodities target 2.0% -> 0.0% (2024-06-30 to 2025-06-30)
- Jun 30, 2025Allocation target changedLos Angeles Fire and Police Pension System raised its Real Estate target 7.0% -> 8.5% (2024-06-30 to 2025-06-30)
- Jun 30, 2025Allocation target changedLos Angeles Fire and Police Pension System cut its Real Estate Investment Trusts (REITS) target 3.0% -> 1.5% (2024-06-30 to 2025-06-30)
- Jun 30, 2025Allocation target changedLos Angeles Fire and Police Pension System raised its Private Infrastructure target 0.0% -> 2.0% (2024-06-30 to 2025-06-30)
- Jun 30, 2024Assets changedLos Angeles Fire and Police Pension System total assets $26.9B -> $28.6B (+6.3%, 2023-06-30 to 2024-06-30)
- Jun 30, 2024Assets changedLos Angeles Fire and Police Pension System fiduciary net position $26.4B -> $28.1B (+6.5%, 2023-06-30 to 2024-06-30)
- Jun 30, 2023Assets changedLos Angeles Fire and Police Pension System fiduciary net position $25.3B -> $26.4B (+4.7%, 2022-06-30 to 2023-06-30)
- Jun 30, 2023Assets changedLos Angeles Fire and Police Pension System total assets $25.4B -> $26.9B (+6.1%, 2022-06-30 to 2023-06-30)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: Census PID6 188680
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 16, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.