LA Water & Power Commits $150M to Real Estate

The Los Angeles Water & Power Employees’ Retirement Plan has committed $150 million between two value-add real estate funds, according to the April 12 board meeting.

$75 million was allocated to AG Europe Realty Fund IV, managed by Angelo Gordon. In addition, $75 million was also committed to Longpoint Fund III, managed by Longpoint Realty Partners.

As of January 31, 2023, the pension fund targets 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: John Washington, Data Research Analyst

John Washington is the Data Research Analyst at Dakota.

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