Louisiana Teachers commits $125m to real estate
The $16.3 billion Teachers’ Retirement System of Louisiana has committed a total of $125 million to two real estate funds.
The first commitment was an allocation of $75 million to Lone Star Fund X, a real estate debt fund managed by Lone Star Funds. The closed-end fund focuses its investments in opportunistic properties in Asia, Europe and the United States. The fund has a $6 billion equity fundraising target. TRSL previously committed $75 million to the fund’s predecessor, Lone Star Fund IX.
The second commitment was an allocation of up to $50 million to AEW Senior Housing Investors III, a value-added fund managed by AEW Capital Management. The closed-end fund invests in U.S. senior housing properties and has a $500 million equity fundraising target. TSRL previously committed $40 million to the fund’s