---
title: LA Water & Power Commits $150M to Real Estate
description: LA Water & Power Commits $150M to Real Estate.
---

[Dakota Funds ](https://dakotafunds.com/dakota-funds)

# [LA Water & Power Commits $150M to Real Estate](https://dakotafunds.com/dakota-funds/fundraising-news/la-water-power-commits-150m-to-real-estate)

 Written by [John Washington, Data Research Analyst](https://dakotafunds.com/dakota-funds/author/john-washington-data-research-analyst) | April 21, 2023

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](https://www.dakota.com/free-trial)* of Dakota Marketplace!*

* *

[View full post](https://dakotafunds.com/dakota-funds/fundraising-news/la-water-power-commits-150m-to-real-estate)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "John Washington, Data Research Analyst"
  },
  "dateModified" : "2024-04-04T23:26:07.718Z",
  "datePublished" : "2023-04-21T04:00:00Z",
  "headline" : "LA Water & Power Commits $150M to Real Estate",
  "image" : {
    "@type" : "ImageObject",
    "height" : 752,
    "url" : "https://22672301.fs1.hubspotusercontent-na1.net/hubfs/22672301/Imported_Blog_Media/los-angeles-Dec-09-2021-06-47-05-34-PM-4.jpeg",
    "width" : 1651
  },
  "mainEntityOfPage" : "https://dakotafunds.com/dakota-funds/fundraising-news/la-water-power-commits-150m-to-real-estate",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Dakota Funds"
  }
}
```