Teachers’ Retirement System of Louisiana (TRSL) has added a further $50m (€42.5m) investment to its portfolio this year, via a commitment to a fund managed by Clarion Partners.
The pension fund said in a meeting document that it has backed Lion Industrial Trust, an open-ended fund with a current net asset value of $14.4bn.
The Lion Industrial Trust fund had an entry queue of $987m as of the end of last year.
TRSL’s latest industrial commitment follows earlier commitments this year, which include a $50m each placed in the Exeter Europe Logistics Value Fund IV and Cabot Industrial Core Fund III funds and $25m in the Cabot Industrial Value Fund VI Development Fund.
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