Los Angeles City Employees' Retirement System committed up to $35 million to Wolff Credit Partners III, a real estate fund managed by The Wolff Co., according to a report to the board for its June 22 meeting.
The commitment was approved in closed session April 27, the report said.
Wolff Co. invests in multifamily and senior housing. The investment closed June 17. LACERS had $22.4 billion in assets as of May 24.