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Los Angeles Fire & Police eyes up to $950 million in private equity commitments Getty Images Los Angeles Fire & Police Pensions plans to commit $700 million to $950 million to private equity in 2021, the $27.8 billion pension plan s private equity strategic plan update shows. LAFPP committed $734.2 million to private equity in 2020. The plan had about $3 billion in private equity as of Sept. 30, representing 12.1% of the total plan. Los Angeles Fire & Police Pensions target private equity allocation is 14%. In the first nine months of 2020, the pension plan s private equity allocation had a net negative cash flow of $105 million for the first time since 2011, when it had a net negative cash flow of $62 million. Net negative cash flows means that the pension plan made more contributions than it received back from its general partners in distributions. ....