Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $27.26 billion
Allocation to alternatives: 41%
Teachers’ Retirement System of Louisiana committed $75 million to Cabot Industrial Value Fund VII at its April board meeting, a contact at the pension confirmed to PERE.
Fund VII, managed by Cabot, will invest into value-added industrial opportunities across Europe, North America and Asia-Pacific. TRSL has previously invested into Cabot’s Industrial Fund series, investing $50 million in Fund VI.
TRSL has a 10 percent target allocation to real estate with a current allocation to the asset class of 9 percent.
As illustrated below, TRSL’s recent real estate commitments have tended to focus on North American vehicles across a variety of sectors and strategies.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.