Henderson Park has so far raised €1.4bn for its second value-add and opportunistic European real estate fund, according to an investor’s meeting document.
The Teachers’ Retirement System of Louisiana disclosed in its meeting document that it had approved a $75m (€74m) commitment to Henderson Park Real Estate Fund (HPREF) II, a fund seeking to raise €2.5bn.
Henderson Park raised $2.2bn in 2019 for HPREF I, its debut real estate fund.
Fund II will be investing in a variety of property types. This will include the traditional types of industrial, residential, office, hospitality and retail. Niche property types like life science and data centers will also be considered.
Louisiana Teachers disclosed in the meeting document that it also made a $75m commitment to Harbert Management Corporation’s Harbert European Real Estate Fund VI, a seeking to raise €1bn, and placed the same amount into the EQT Exeter Industrial Value Fund VI.
EQT Exeter’s latest value-add US industrial real estate fund is expected to have a $4bn final close shortly.
As previously reported, Louisiana Teachers is considering lifting its allocation to real estate from 10% to 15%, infrastructure from 1.5% to 3% and farmland from 1% to 2%.
Within the real estate portfolio, the $26.2bn pension fund plans to lift core private real estate from 5% to 8% and private non-core from 5% to 7%.
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