Louisiana Assessors' Retirement Fund, Baton Rouge, committed $20 million to a core-plus real estate fund managed by Principal Real Estate Investors.
The $350 million pension fund's board approved the commitment at its Oct. 22 meeting, recently released minutes show. The name of Principal's fund could not be immediately learned.
The pension fund conducted a shortlist search earlier this year; J.P. Morgan Asset Management was the other finalist. AndCo Consulting, the pension fund's investment consultant, assisted with the search.
Jeffrey G. Taylor, chairman of the retirement board, and Jon Breth, senior consultant at AndCo, could not be immediately reached to provide further information.