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June 02, 2016 01:00 AM

Los Angeles Water & Power commits to Vista Equity Partners

Rob Kozlowski
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    Los Angeles Water & Power Employees’ Retirement Plan committed $60 million to Vista Equity Partners Fund VI, a buyout fund that focuses on midmarket and large-cap software and technology firms, recently released board meeting minutes said.

    The $9.5 billion pension fund previously committed $50 million to the private equity manager’s Fund V in 2014 and $25 million to Fund IV in 2011.

    The retirement board also approved a $12 million commitment to the fund from the retiree health benefits fund.

    Carlo Manjikian, senior investment officer, could not be immediately reached to provide further information.

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