---
title: Los Angeles Water & Power Commits Up To $275M to Private Equity, Credit
description: Los Angeles Water & Power Commits Up To $275M to Private Equity, Credit.
---

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# [Los Angeles Water & Power Commits Up To $275M to Private Equity, Credit](https://dakotafunds.com/dakota-funds/fundraising-news/los-angeles-water-power-commits-up-to-275m-to-private-equity-credit)

 Written by [John Washington, Data Research Analyst](https://dakotafunds.com/dakota-funds/author/john-washington-data-research-analyst) | March 16, 2023

The Los Angeles Water & Power Employees’ Retirement Plan has committed up to $275 million to four private funds. 

Up to $50 million was allocated to BlackRock Global Credit Opportunities II. 

In private equity, up to $75 million was allocated to the buyout fund, Platinum Equity Capital Partners VI. Up to $75 million was allocated to the buyout fund, Apollo Investment Fund X. Lastly, up to $75 million was allocated to the buyout fund, Clayton, Dubilier, & Rice XII. 

As of January 31, 2023, the Retirement Plan has a target allocation of 10% to private equity and 1% to private credit. 

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