Searches and Hires

Los Angeles Water & Power sticks with Courtland as real estate consultant

Los Angeles Water & Power Employees' Retirement Plan rehired Courtland Partners as real estate consultant, said Jeremy Wolfson, chief investment officer, in an email.

The $13.5 billion pension fund issued an RFP in January because Courtland's contract was set to expire on April 30.

Other finalists were Hamilton Lane, ORG Portfolio Management, Pension Consulting Alliance and The Townsend Group.

As of April 30, the pension fund had a $644 million real estate portfolio, or 5.8% of the total pension fund. The target is 5%.