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The $20.11 billion Teachers’ Retirement System of Louisiana has committed $75 million to Torchlight Debt Opportunity Fund VI, managed by Torchlight Investors.
The value-added/opportunistic fund has a $1.5 billion target. And it invests in commercial real estate, including senior and mezzanine loans, commercial mortgage–backed securities, and other real estate–related investments.
The fund is scheduled to close this month, according to IREI’s FundTracker database.