Institution: Louisiana School Employees’ Retirement System
Headquarters: Baton Rouge, United States
Total AUM: $2.14 billion
Allocation to alternatives: 16%
The fund’s predecessor, Phoenix Real Estate Fund IX, held a final close at $282 million in January 2020, exceeding its $275 million target.
As illustrated below, LSERS allocates 12 percent of its full investment portfolio to private real estate. The pension’s recent commitments to private real estate have been to vehicles that primarily employ a value-added or opportunity strategy targeting investments in North America and Europe.
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