Louisiana Teachers' Retirement System, Baton Rouge, committed up to $150 million to MetLife Core Property Fund, a real estate fund, confirmed Dana Brown, director of public markets.
It is a new manager relationship for the $15.7 billion pension fund.
Separately, the pension fund committed up to $75 million to private equity fund CVC Asia Pacific IV, managed by CVC Capital Partners. It is an existing relationship; the pension fund's most recent commitment to the manager was up to $125 million to CVC Capital Partners VI in June.