TRSL confirms $50m commitment

The US public pension has backed Crow Holdings' ninth series value-add vehicle.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
AUM: $18.72bn
Allocation to alternatives: 41.0%
Bitesize: $50-100m

Teachers’ Retirement System of Louisiana has approved a $50 million commitment to Crow Holdings Realty Partners IX, a contact at the pension informed PERE.

The $18.72 billion US public pension has a 10.0 percent target and current allocation to real estate.

As illustrated below, TRSL’s five previous commitments have each been to vehicles pursuing value-add returns.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.