The Teachers’ Retirement System of Louisiana (TRSL) has committed $125 million to TA Realty Value-Add Fund XIV, according to meeting materials.
TA Realty Value-Add Fund XIV is a closed-end fund that invests in industrial, office, multifamily and grocery-anchored shopping center assets in the United States. A fundraising goal has not been determined. The Policemen’s Annuity and Benefit Fund of Chicago invested $20 million in this fund earlier this year. The fund’s predecessor, TA Realty Value-Add Fund XIII, was oversubscribed with $1.8 billion in equity raised.
TRSL, a public pension fund, had $29.3 billion in total assets under management, as of March 31. As of Jan. 31, it had a 15 percent real estate allocation target with $4.5 billion in total real estate assets under management.
