Louisiana Teachers makes follow-on commitment to Cabot Industrial Value Fund VI

The Teachers’ Retirement System (TRS) of Louisiana has voted to invest up to $25 million in Cabot Industrial Value Fund VI, according to a document from the pension fund’s Feb. 4 meeting.

The pension fund previously invested $75 million in the vehicle in 2019.

Cabot Industrial Value Fund VI is the sixth value-add vehicle managed by Cabot Properties. It opened to investors in 2019 with an $800 million fundraising target and will invest in industrial assets and portfolios in North America and the United Kingdom.

The fund strategy will focus on the accretive acquisition, development, redevelopment, operating, leasing and selling of industrial properties. According to a document from the Public School Employees’ Retirement System of Pennsylvania (which also backed the vehicle), Cabot