Louisiana School Employees' Retirement System, Baton Rouge, made two new real estate commitments totaling up to $100 million.
The $1.8 billion pension fund's board approved the commitments of up to $50 million each to HighBrook Property Fund IV, an opportunistic real estate fund managed by HighBrook Investors, and Maverick Lien Fund VI, a real estate distressed debt fund managed by Maverick Real Estate Partners at its Oct. 5 meeting, said Matthew Freedman, chief investment officer.
As of June 30, the actual allocation to real estate was 12.6%.