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Sign in Sign up for a FREE subscriptionTRS Louisiana makes $75m follow-on to Cabot Properties’ latest industrial fund
The Louisiana Teachers’ Retirement System (TRS) has approved a commitment of up to $75 million to Cabot Industrial Value Fund VII, a closed-end real estate fund managed by Cabot Properties.
Cabot Industrial Value Fund VII will invest in value-add industrial assets in North America, Europe and Mexico.
In 2020, the fund’s predecessor, Cabot Industrial Value Fund VI, held a final closing with more than $1.1 billion of equity commitments, with TRS Louisiana contributing $75 million to the capital raise.
A fundraising target for the firm’s seventh fund was not known at the time of publication.
For more information about this fund and others, please visit our IREI.Q database.
