The $26.9 billion Teachers' Retirement System of Louisiana (TRSL) has committed $65 million to TPG Real Estate Partners IV, according to recent board meeting materials.

TPG Real Estate Fund IV is focused on opportunistic platform real estate investments in the United States and Europe. The fund will implement a buy-and-build strategy, acquiring assets in inefficient and fragmented markets, while improving operations at the company level.

TPG Real Estate Fund IV opened to investors in September 2021 with an undisclosed fundraising target.

For more information about this commitment or other funds, please visit our IREI.Q database.