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FUNDRAISING NEWS | November 29, 2023

Los Angeles Water & Power Renews Real Estate Consultant

Tags: Pension Funds, Alternative Insights, Real Estate

The Los Angeles Water & Power Employees’ Retirement Plan has extended its contract with StepStone Group for real estate consulting services. 

The contract that was set to expire in 2024 was extended for an additional year, through March 2025.

As of June 30, 2023, the $18.9 billion pension fund allocates approximately 8.96% to real estate with a target allocation of 10%.

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!

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Written By: Helen Bascom, Marketing Associate

Helen Bascom is a Marketing Associate at Dakota.

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