Louisiana Teachers to Invest $650M in RE, Considers Four Manager Searches in ‘25

The Teachers Retirement System (TRS) of Louisiana is considering potential commitments totaling $600M across three real estate funds and is looking to initiate manager searches for four investment strategies in 2025.

Materials for the pension’s November 7 board meeting disclosed that upcoming searches for private markets, large cap growth, co-investment, and mid cap value managers are being considered for next year. 

Additionally, the TRS is set to commit $400M to Stockbridge Smart Markets Fund and $125M each to Mesirow Financial Real Estate Value Fund V and Sculptor Real Estate Fund V. The asset class represents a target weight of 15% in the pension’s portfolio allocation, and as of August 31, its current allocation in real estate is at 11.5%.  

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