TRSL approves $125m in commitments to Blackstone Real Estate Partners Europe Fund VI

The US public pension has backed multi-regional private equity real estate funds.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
AUM: $19.71bn
Allocation to alternatives: 32%
Bitesize: $50-100m

Teachers’ Retirement System of Louisiana (TRSL) has approved commitments of up to $75 million to Blackstone Real Estate Partners Europe Fund VI and up to $50 million to Rockpoint Real Estate Fund VI, a contact at the pension fund informed Private Equity Real Estate.

The $19.71 billion US public pension has a 10.0 percent target allocation to private equity real estate that currently stands at 8.0 percent.

As illustrated in the charts below, TRSL has made four commitments focused on private equity real estate with a vintage year of 2018 and 2019, which combined constitute $225 million.

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