Teachers’ Retirement System of Louisiana approves $50m commitment

The US public pension has backed a student housing-focused real estate joint venture.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
AUM: $20.16bn
Allocation to alternatives: 33.0%
Bitesize: $50-100m

Teachers’ Retirement System of Louisiana has agreed to commit $50 million to Campus Real Estate Partners II – Joint Venture, a contact at the pension informed PERE.

The $20.16 billion US public pension has a 10.0 percent target allocation to real estate that currently stands at 8.0 percent.

As illustrated in the charts below, Teachers’ Retirement System of Louisiana has made five commitments to real estate funds with a 2018 or 2019 vintage, which combined constitute $275 million.

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