b'LOS ANGELES FIRE AND POLICE PENSION SYSTEM NOTES TO FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 NOTE 7CASH, TEMPORARY INVESTMENTS, AND OTHER INVESTMENTS (Continued)Fair Value of Investments (continued)Real estate separate account investments are valued based on an independent appraisal or other methods using various techniques including models. Real estate separate accounts are scheduled for independent appraisal on a rolling 3-year period. The Systems investments such as private equity partnerships, comingled real estate funds, asset/mortgage-backed security funds and commercial mortgages are valued using the net asset value (NAV). Real estate pooled investments are valued based on an independent appraisal or other methods using various techniques including models. Investments measured at the NAV ($ in thousands):Redemption Frequency (ifRedemption UnfundedcurrentlyNotice Investment Strategy Fair Value Commitments eligible) PeriodPrivate Equity funds and Partnerships $ 5,955,794 $ 2,978,227 N/A -Real Estate (1)1,164,716 621,567 Quarterly daysCorporate Debt Securities 50,009- Anytime - Total Investments measured at NAV$ 7,170,519(1) Thistypeinvestmentincludes$716.4millionofcommingledrealestatecommittedandfundedthat can beredeemedquarterlywith90 to 179 daysredemptionnoticeperiod. 38 SECTION 2 Financials 55'