Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $26.5 billion
Allocation to alternatives: 39%
Teachers’ Retirement System of Louisiana committed $65 million to TPG Real Estate Partners IV at its January board meeting, a contact at the pension informed PERE. Fund IV, managed by TPG, will invest into a variety of sectors across Europe and North America.
At the meeting, Hamilton Lane, the pension’s investment consultant, also presented a proposed pacing plan for 2022. The consultant outlined a $1.3 billion-$1.8 billion plan across funds in multiple sectors. In documents provided by the firm, it stated that $250 million-$350 million should be allocated to around four to six real estate vehicles. Hamilton Lane outlined the following funds:
- Cabot Industrial Core Fund III
- Lion Industrial Trust
- Centerbridge Real Estate Fund II
- Sares Regis Value-Add Fund IV
As illustrated below, TRSL’s recent real estate commitments have tended to focus on buyout/corporate private equity and debt vehicles globally.
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