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FUNDRAISING NEWS | June 11, 2024
The Teachers Retirement System of Louisiana has approved three alternative investments totalling $375 million at their June 6 board meeting, subject to final term negotiations.
$125 million was allocated to US Industrial Club VII, LP. The opportunistic real estate fund is managed by Hillwood Investment Properties.
An additional $125 million was allocated to Blackstone Capital Opportunities Fund V, LP, a mezzanine debt fund.
Lastly, $125 million was also allocated to private credit fund Crescent Credit Solutions IX, LP, a mezzanine debt strategy.
The $25.7 billion Louisiana TRS is targeting $2.6 billion to $3.6 billion in private market commitments for the 2024 fiscal year.
Investment consultant, Hamilton Lane, assisted with the investment.
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Written By: Jane Bailey, Marketing Associate
Jane Bailey is a Marketing Associate at Dakota.
February 20, 2024
November 13, 2023
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