LADWP approves $75m commitment

The US public pension has backed a real estate debt fund.

Institution: Los Angeles Water & Power Employees Retirement Plan
Headquarters: Los Angeles, US
AUM: $13.02 billion
Allocation to alternatives: 11.00%

Los Angeles Water & Power Employees Retirement Plan has confirmed a $75 million commitment to Torchlight Debt Opportunity Fund VII, according to a document from a July board meeting.

The $13.02 billion US public pension has an 8.0 percent target allocation to private real estate that currently stands at 6.0 percent.

As illustrated below, LADWP has a strong appetite for North America-focused real estate funds.

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