The Teachers’ Retirement System of Louisiana has committed $650 million to three real estate funds: Mesirow Financial Real Estate Value Fund V, Sculptor Real Estate Fund V and Stockbridge Smart Markets Fund. These funds were committed on Nov. 7, according to meeting minutes from the retirement system’s executive committee.
Mesirow Financial Real Estate Value Fund V, managed by Mesirow Financial, received up to a $125 million commitment. The closed-end, value-added fund has a primary focus on multifamily properties in North America, with a secondary focus on student housing. It has an equity fundraising goal of $1.25 billion.
