Louisiana Teachers' Retirement System, Baton Rouge, made three new commitments totaling up to $140 million.
The $26.9 billion pension fund's board approved commitments of up to $65 million to value-added real estate fund TPG Real Estate Partners IV, and up to $50 million and $25 million, respectively, to Green Equity Investors IX and Jade Equity Investors II, both buyout funds managed by Leonard Green & Partners, at its meeting Thursday, said Dana T. Brown, director of public markets.
TRSL previously committed up to $75 million to TPG Real Estate Partners III in 2018 and up to $50 million and $25 million, respectively, to Green Equity Investors VIII and Jade Equity Investors in 2019.
As of Nov. 30, the actual allocations to alternative assets and real estate were 32.4% and 9.2%, respectively.
