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!
