Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
Allocation to alternatives: 32%
Teachers’ Retirement System of Louisiana (TRSL) has approved commitments of up to $75 million to Blackstone Real Estate Partners Europe Fund VI and up to $50 million to Rockpoint Real Estate Fund VI, a contact at the pension fund informed Private Equity Real Estate.
The $19.71 billion US public pension has a 10.0 percent target allocation to private equity real estate that currently stands at 8.0 percent.
As illustrated in the charts below, TRSL has made four commitments focused on private equity real estate with a vintage year of 2018 and 2019, which combined constitute $225 million.
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