--- title: LA Water & Power Commits $550M to Private Equity, Real Estate description: LA Water & Power Commits $550M to Private Equity, Real Estate image: https://dakotafunds.com/hubfs/Imported_Blog_Media/los_angeles-Nov-16-2021-06-49-07-20-PM.jpg --- [![dakota_logo](https://dakotafunds.com/hs-fs/hubfs/dakota_logo.png?width=150&height=44&name=dakota_logo.png) ](https://dakotafunds.com) - [ About ](https://dakotafunds.com/about-us) - [ Team ](https://dakotafunds.com/team-update) - [ Partners ](https://dakotafunds.com/clients) - [ Contact ](https://dakotafunds.com/contact-us-update) [![dakota_logo](https://dakotafunds.com/hs-fs/hubfs/dakota_logo.png?width=150&height=44&name=dakota_logo.png) ](https://dakotafunds.com) ** - [ About ](https://dakotafunds.com/about-us) - [ Team ](https://dakotafunds.com/team-update) - [ Partners ](https://dakotafunds.com/clients) - [ Contact ](https://dakotafunds.com/contact-us-update) # LA Water & Power Commits $550M to Private Equity, Real Estate **Written by: ** Koncheng Moua, Director of Data Management and Strategy ![](https://dakotafunds.com/hubfs/Imported_Blog_Media/los_angeles-Nov-16-2021-06-49-07-20-PM.jpg) The Los Angeles Water & Power Employees’ Retirement Plan has disclosed six alternative investments totaling up to $550 million. In private equity, $150 million was committed to Adams Street Global SMB WPERP Fund III. $100 million was committed to Genstar Capital XI, a buyout fund. $75 million was allocated to Industry Ventures Secondary X, a private equity secondaries strategy. $75 million was committed to Trivest Recognition Fund, a buyout fund managed by Trivest Partners. $75 million was committed to Searchlight Capital IV. In addition, $75 million was invested in Rialto Real Estate Fund V-Debt, an opportunistic fund which will invest in high yield real estate credit investments. As of May 31, 2023, the $18 billion Retirement Plan has an actual and target allocation to private equity of 13.4% and 10% respectively. The actual and target allocation to real estate was 9.3% and 10% respectively. *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!* ** Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [Real Estate](https://dakotafunds.com/dakota-funds/tag/real-estate), [Private Equity](https://dakotafunds.com/dakota-funds/tag/private-equity) ### Recent Posts [EP Wealth Acquires Wacker Wealth Partners](https://dakotafunds.com/dakota-funds/fundraising-news/ep-wealth-acquires-wacker-wealth-partners) April 04, 2024 [JTP Capital Seeking Fundraising and CRM Database Management Assistant](https://dakotafunds.com/dakota-funds/fundraising-news/jtp-capital-seeking-fundraising-and-crm-database-management-assistant) April 04, 2024 [$700M Merrill FAs Depart to Sanctuary](https://dakotafunds.com/dakota-funds/fundraising-news/700m-merrill-fas-depart-to-sanctuary) April 03, 2024 [Greenbacker Capital Seeking Internal Sales Representative](https://dakotafunds.com/dakota-funds/fundraising-news/greenbacker-capital-seeking-internal-sales-representative) April 03, 2024 [NY Common Commits $550M to Venture Capital, Real Estate](https://dakotafunds.com/dakota-funds/fundraising-news/ny-common-commits-550m-to-venture-capital-real-estate) April 03, 2024 ## Related Blogs September 12, 2022 #### San Francisco ERS Commits $550M to Alternatives The San Francisco Employees’ Retirement System (SFERS) has disclosed up to $550 million in... 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[ Read More](https://dakotafunds.com/dakota-funds/fundraising-news/santa-barbara-retirement-targets-55m-to-private-credit) ![footerLogo](https://dakotafunds.com/hubfs/footerLogo.svg) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Koncheng Moua, Director of Data Management and Strategy", "url" : "https://dakotafunds.com/dakota-funds/author/koncheng-moua-director-of-data-management-and-strategy" }, "dateModified" : "2024-04-04T20:24:09.949Z", "datePublished" : "2023-08-23T04:00:00.000Z", "headline" : "LA Water & Power Commits $550M to Private Equity, Real Estate", "image" : [ "https://dakotafunds.com/hubfs/Imported_Blog_Media/los_angeles-Nov-16-2021-06-49-07-20-PM.jpg" ], "mainEntityOfPage" : { "@id" : "https://dakotafunds.com/dakota-funds/fundraising-news/la-water-power-commits-550m-to-private-equity-real-estate", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject" }, "name" : "Dakota Funds Group" } } ```