Teachers’ Retirement System of Louisiana (TRSL) is considering increasing its allocation to real assets as a result of an asset allocation review.
The $26.2bn (€22.6bn) pension fund said in a meeting document that it will consider 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, TRSL plans to lift core private real estate from 5% to 8% and private non-core from 5% to 7%.
TRSL disclosed in the meeting document that it has placed $75m into the Cabot Industrial Value Fund VII.
Cabot Properties is seeking to raise $1.5bn for its latest value-add fund. The manager raised $1.15bn for the predecessor fund.
Fund VII will be looking to acquire mid-sized industrial assets that are located in infill markets.
The projected breakdown of the fund will be 70% in the US and the remaining in European countries like France, Spain and Italy.
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