TRSL approves $50m commitment

The US public pension has backed a Multi Regional focused fund.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
AUM: $21.05 billion
Allocation to alternatives: 31.0%

The Teachers’ Retirement System of Louisiana (TRSL) board has agreed in closed session to commit $50 million to Blackstone Real Estate Partners IX, according to an email from Executive Liaison Officer Lisa Honore.

The $21.05 billion US public pension has a 10 percent target allocation to private equity real estate that currently stands at 8 percent.

As illustrated in the charts below, the $21.05 billion US public pension has a 10.0 percent target allocation to private equity real estate that currently stands at 8.0 percent. TRSL has also made eighteen commitments in 2018, which combined constitute $1.2 billion.

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