Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $24.04 billion
Allocation to alternatives: 37%
Federal Capital Partners‘ fifth value-add mezzanine property vehicle is in market targeting $950 million in capital commitments. The fund’s immediate predecessor held a final close at $755 million in November 2018.
TRSL has a 10 percent target allocation to real estate which stands at 9 percent.
The $24.04 billion US public pension’s recent real estate commitments have predominantly targeted North American vehicles seeking value-add and opportunistic returns.
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