Los Angeles Fire and Police Pension System

Chief Investment Officer Bryan Fujita leads the investment team and is responsible for the day-to-day oversight of the roughly $32.5B portfolio (Altss estimate). Fujita executes strategies approved by the Board of Fire and Police Pension Commissioners, whose president is retired LAPD Commander Garrett W. Zimmon. Key administrative leadership comes from General Manager Joseph Salazar.

LAFPP deploys capital across real estate, infrastructure, private credit, venture capital, commodities, and natural resources. The real estate sleeve commits to funds like Blue Owl Real Estate Fund VII and EQT Exeter Europe Logistic Value Fund V. The infrastructure portfolio includes direct commitments to Blackstone Infrastructure Partners and Macquarie's Green Energy and Climate Opportunities Fund.

The system operates primarily through fund commitments to external managers across private equity, real estate, infrastructure, and credit. Its strategy data also tags co-investment and direct secondaries activity — suggesting LAFPP supplements its fund-of-funds approach with selective direct exposure alongside its GPs.

The venture strategy spans seed, start-up, early-stage, expansion/late-stage, and growth equity. The portfolio also includes secondaries and special situations, giving the VC sleeve flexibility to access companies across the maturity spectrum without a rigid stage mandate.

The pension system is overseen by the Board of Fire and Police Pension Commissioners, which includes sworn retirees and representatives close to LAFD and LAPD culture. Board President Garrett W. Zimmon is a retired LAPD Commander. This governance model ensures the pension's strategy remains tightly aligned with the interests of its active and retired first-responder members.

Yes. The United Firefighters of Los Angeles City (UFLAC) and the Los Angeles Police Protective League (LAPPL) are identified as business partners. These relationships reflect the system's embedded role within the city's public safety labor ecosystem.

LAFPP has ties to two non-profit entities: the Los Angeles Fire Department Foundation and the Los Angeles Retired Fire and Police Benevolent Association. These are not part of the pension's investment apparatus, but provide charitable and welfare support to the same public safety community that the pension serves.