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.

As illustrated below, the pension had also approved a $75 million commitment to the fund’s predecessor, Torchlight Debt Opportunity Fund VI, which closed in February 2019 on $1.68 billion.

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