Louisiana Teachers invests in Exeter Europe Logistics Value Fund IV
The Teachers’ Retirement System of Louisiana (TRSL) has voted to commit $50 million to Exeter Europe Logistics Value Fund IV, a value-add fund managed by Exeter Property Group.
Exeter Europe Logistics Value Fund IV is seeking to raise €1.25 billion ($1.5 billion) to primarily invest in Western European logistics and industrial assets that are under-leased, under-managed properties, in order to generate their target return.
TRSL joins the New Mexico State Investment Council as a recent investor in the fund.
As of Nov. 30, 2020, TRSL had an 8 percent actual allocation to the real estate asset class against a target of 10 percent.