---
title: Los Angeles Water & Power Renews Real Estate Consultant
description: Los Angeles Water & Power Renews Real Estate Consultant
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/sara-the-freak-v4lRAcrhBr8-unsplash%20(1).jpg
---

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**

- [ About ](https://dakotafunds.com/about-us)
- [ Team ](https://dakotafunds.com/team-update)
- [ Partners ](https://dakotafunds.com/clients)
- [ Contact ](https://dakotafunds.com/contact-us-update)

# Los Angeles Water & Power Renews Real Estate Consultant

**Written by: ** Helen Bascom, Marketing Associate 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/sara-the-freak-v4lRAcrhBr8-unsplash%20(1).jpg)

The Los Angeles Water & Power Employees’ Retirement Plan has extended its contract with StepStone Group for real estate consulting services. 

The contract that was set to expire in 2024 was extended for an additional year, through March 2025.

As of June 30, 2023, the $18.9 billion pension fund allocates approximately 8.96% to real estate with a target allocation of 10%.

*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)

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