TRSL approves $125m in commitments to Torchlight Debt Opportunity Fund VII

The US public pension has backed two North American real estate funds.

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Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $18.72 billion
Allocation to alternatives: 41.0%

Teachers’ Retirement System of Louisiana has agreed to commit $75 million to Torchlight Debt Opportunity Fund VII and $50 million to Kayne Anderson Real Estate Partners VI, a contact at the pension informed PERE.

The $18.72 billion US public pension has a 10 percent target and actual allocation to real estate.

As illustrated below, the pension fund’s recent commitments are to funds focused on the student housing, retail and residential sectors within the North America region.

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