Louisiana Teachers to invest up to $550m in real estate and private market debt

The $16.7 billion Teachers’ Retirement System of Louisiana is planning to invest $150 million into real estate and $400 million into private market debt during the fiscal year 2015 ending June 30, 2015. The pacing plan for fiscal year 2015 was set at the retirement system’s Aug. 4 board meeting.

According to Maurice J. Coleman, director of private markets at TRSL, the $150 million to real estate will likely be invested in opportunistic/value-add strategies, and could be invested both domestically and internationally. TRSL’s real estate portfolio has a target allocation of 7 percent and an actual allocation of 8 percent. This is still within the retirement system’s target range to real estate, which is 0–8 percent for core real estate and 0–6 percent for opportunistic real estate for a total range of 0–14 percent. Currently, both core and noncore real estate have