Teachers’ Retirement System of Louisiana (TRSL) has hired StepStone as its real estate and real assets investment consultant.
TRSL said it has appointed StepStone to replace Hamilton Lane which will continue to advise the pension fund on its private equity and private debt portfolios.
The appointment of StepStone follows a request for proposal TRSL issued for investment consultants. For the real estate and real asset sectors, the finalists were StepStone, Hamilton Lane and The Townsend Group.
TRSL mainly invests in real estate and real assets via global and domestic funds.
The pension fund’s recent real estate investments have been focused on both open and closed-ended core and non-core strategies.
TRSL’s real assets commitments have mainly been made in infrastructure funds across various sectors.
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