Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $25.4 billion
Teachers’ Retirement System of Louisiana has committed $225 million across three private real estate funds, a contact at the pension confirmed.
At the pension’s September board meeting, it announced that it will be investing $75 million to each of the following funds: Harbert Europe Real Estate VI, EQT Exeter Industrial Value Fund VI and Henderson Park Fund II.
At the pensions meeting, it also outlined its target commitment pacing plan for next year. Over the the course of 2023, TRSL will commit $2.9 billion to 3.9 billion to private markets. TRSL will aim to invest:
- Up to $300 million to one to two core real estate funds
- $600-700 million across six to eight non-core real estate funds
As illustrated below, the Baton Rouge-based pension’s recent private equity commitments have tended to focus on North America-based vehicles targeting debt or buyout returns.
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