The Los Angeles Fire and Police Pension Plan (LAFPP) is a defined
benefit public pension plan serving approximately 26,000 active
and retired Plan members and beneficiaries. The Plan is directed
by the nine-member Board of Fire and Police Pension Commissioners
and is administered by the City of Los Angeles Department of Fire
and Police Pensions.
The Plan’s assets are managed externally by investment management
firms and consultants under contract to the Board and monitored
by in-house Investment Staff. The current total value of the
pension fund is approximately $28 billion.
The Board desires to retain a consultant/advisor to manage the
Plan’s newly created private credit portfolio of commingled
private credit funds. The Board has adopted a 2% target
allocation to the asset class with 60% going into private credit
funds and 40% to levered bank loans that fall outside the scope
of this mandate. The portfolio will start with $300 million in
commitments and may increase in the future.
Firms meeting the listed minimum criteria in the Request for
Proposal (RFP) are invited to return a completed RFP
Questionnaire and supporting documents.
RFP and Questionnaire - Private Credit
If you would like the Word document for the RFP Questionnaire
(RFP pages 5-12), please submit a request to Susan Liem
(firstname.lastname@example.org) and Adam Perez
Below are the Excel documents for the LAFPP Private Credit RFP
Responses ( RFP page 14) and Private Credit Performance Data (RFP
Private Credit RFP Table of Responses
Private Credit RFP Performance Data