---
title: LA Water & Power Commits $225M to Alternatives
description: LA Water & Power Commits $225M to Alternatives.
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/los_angeles-1.jpg
---

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# LA Water & Power Commits $225M to Alternatives

**Written by: ** Koncheng Moua, Director of Data Management and Strategy 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/los_angeles-1.jpg)

The Los Angeles Water and Power Employees’ Retirement Plan has finalized commitments to private real estate and private equity funds.

Meeting materials from the July 13 board meeting disclose $75 million was committed to opportunistic real estate fund, Cerberus Institutional Real Estate Partners VI.

Private equity funds, Silver Lake Partners VII and Oak HC/FT Partners V, both received $75 million in commitments. Silver Lake focuses on technology sector buyouts. Oak HC/FT V will focus on early stage investments within the healthcare information and financial services technology sectors.

As of December 31, 2021, the $19 billion Retirement Plan targets 8% to real estate and 10% to private equity respectively. The Plan currently allocates 8.1% to real estate and 12.1% to private equity respectively.

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 Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds)

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