The Teachers’ Retirement System of Louisiana (TRSL) has replaced Hamilton Lane with StepStone as its real estate and real assets investment consultant.
After issuing a request for proposals, StepStone, Hamilton Lane and The Townsend Group were finalists. Hamilton Lane will continue serving as a consultant for TRSL’s private equity and private debt strategies.
As of Jan. 1, 2025, the public pension fund had $27.5 billion in total assets under management, with a 15 percent allocation target to real estate and $3.6 billion in total real estate assets.
