LA Water and Power Allocates $75M to Real Estate

The Los Angeles Water and Power Employees’ Retirement Plan has made a $75 million real estate commitment to Cabot Industrial Core Fund Ill, per meeting materials.

Cabot Industrial Core Fund III is a closed-end core real estate fund that targets investments in stabilized, income producing midsize logistics facilities in US major markets. The fund strategy has an emphasis on modern bulk and multi-tenant distribution buildings.

This represents LA WPERP's first investment in Cabot funds.

As of March 31, the $20.9 billion Retirement Fund allocates 10% to real estate.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!

Written By: Jane Bailey, Marketing Associate

Jane Bailey is a Marketing Associate at Dakota.

Related Content

Virginia Retirement Commits $1.5B to Alts, Ends Nitorum, Orchard Investments
February 06, 2025

NY State Common Commits $1.5B to Alts in December 2024
February 05, 2025

LACERS Makes $395.1M in Alts Investments, Reviews Q3 2024 Performance
January 17, 2025

LACERA Approves $2.2B in Commitments to Seven Alts Funds
January 03, 2025

PSERS Invests $315M in PC, RE Funds, Welcomes New Board Member
December 20, 2024

The Database For Cold Outreach to Reach Institutional and RIA Investors

Book A Demo

LA Water and Power Allocates $75M to Real Estate

Subscribe

Related Content

The Database For Cold Outreach to Reach Institutional and RIA Investors

Address

Products & Services

Resources

Events

Company