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TRSL approves $450m in commitments

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

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $20.02 billion
Allocation to alternatives: 38.0%

Teachers’ Retirement System of Louisiana has agreed to commit $400 million to Morgan Stanley Prime Property Fund and $50 million to Waterton Residential Property Venture XIV, a contact at the pension informed PERE.

The $20.02 billion US public pension has a 10.0 percent actual and target allocation to real estate.

As illustrated below, the pension fund’s recent commitments are to funds focused on the residential sector within the North America region.

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