Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $23.3 billion
At the pension’s September board meeting, TRSL announced that it will be investing $100 million in Berkshire Bridge Loan Investors III. The fund, which launched this year, will invest in the multifamily sector in North America, seeking debt returns. Its predecessor fund surpassed its $1 billion target and closed on $1.47 billion in April 2021.
As illustrated below, the Baton Rouge-based pension’s recent private real estate commitments have tended to focus on North American vehicles targeting debt or value-add returns.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.