LA Water and Power Allocates $75M to Private Credit

The Los Angeles Water and Power Employees’ Retirement Plan approved a commitment of $75 million to Victory Park Capital Asset Backed Opportunistic Credit Fund II, according to materials from the June 12th Board meeting. 

As of December 31, 2024, the $17.5 billion pension fund allocates approximately 1.32% to private credit. 

Other managers within the portfolio’s private credit sleeve include Ares, Atalaya, BlackRock, and Sixth Street.

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