Investors - JULY 18, 2014

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Louisiana Teachers commits $125m to real estate, debt

by Reg Clodfelter

The $16.7 billion Teachers’ Retirement System of Louisiana has committed $50 million to Carlyle Realty Partners VII, managed by The Carlyle Group, and $75 million to Lone Star Fund IX, managed by Lone Star Funds, according to Maurice Coleman, director of private markets at TRSL.

CRP VII, which launched in November 2013 with a $4.3 billion fundraising goal, is an opportunistic fund focused on an acquire/enhance/dispose strategy targeting U.S. real estate across the major property types. The fund had raised $1.55 billion as of July 14. TRSL’s commitment to the fund is the retirement system’s fourth with Carlyle, having committed to CRP IV, V and VI.

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