Los Angeles Water and Power Employees’ Retirement Plan has approved three real estate and credit fund commitments totaling $250m (€223.1m).
The pension fund disclosed in a board document that it has made an additional $100m commitment to the Vistria Housing Fund, following an initial $100m allocation to the vehicle in February 2026.
The new allocation is split between the pension fund’s Retirement Fund contribution $80m and its Retiree Health Benefits Fund commiting $20m.
Vistria Housing Fund is an open-ended, core-plus vehicle investing in US workforce housing.
The pension fund also committed $75m each to Locus Point Private Credit Fund IV and DRA Growth & Income Fund XII.
Locus Point Private Credit Fund IV is seeking $750m to target US real estate debt opportunities, while DRA Growth & Income Fund XII is targeting $2.25bn for value-add real estate investments across the US.
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