The Teachers’ Retirement System of Louisiana has approved three new fund commitments to its real estate portfolio totalling $275m (€253.9m), the pension fund disclosed to IPE Real Assets.
The commitments include $150m to Brookfield Strategic Real Estate Partners V, $75m to Bain Capital Real Estate Fund III and $50m to Cabot Industrial Value Fund VII.
Brookfield Asset Management fund is seeking to raise $15bn for the global opportunistic fund, Bain Capital is planning to raise $3.75bn to invest mainly invest in infill industrial, medical and life science real estate.
As previously reported, Cabot Properties is seeking to raise $1.5bn for Fund VII and a $1.75bn hard cap to mainly invest in industrial assets located in mainly in North America.
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