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Alternative Assets  + Private Debt  + Real Estate  |  April 3, 2025
Louisiana Teachers Boosts Alts Investments with $250M in Real Estate, $150M in Credit 
By: Joe Palmisano

Louisiana Teachers Boosts Alts Investments with $250M in Real Estate, $150M in Credit 

The Teachers’ Retirement System of Louisiana (TRSL) bolstered its private markets portfolios by committing $400 million to a mix of core real estate and credit funds in March 

TRSL allocated $250 million to Oaktree Real Estate Income Fund Feeder VI, managed by Oaktree Capital Management. This fund, embedded within Oaktree’s $16 billion real estate platform, targets core real estate investments and has expanded steadily since its launch in 2016. Its strategy centers on multifamily residential housing, industrial property, office buildings, and strategic alternatives. 

A $150 million allocation was made to HPS Strategic Investment Partners VI, a new junior credit fund managed by HPS Investment Partners. This fund, focused on junior capital solutions like mezzanine debt and preferred equity, also attracted a $200 million commitment from the Minnesota State Board of Investments (MSBI) in December 2024. HPS, a global credit-focused firm currently managing $148 billion in assets, is in the process of being acquired by BlackRock in a $12 billion all-stock deal announced in December 2024, set to close mid-2025. 

The $27 billion public pension fund maintains a $3.6 billion allocation to real estate and a $1.2 billion allocation to multi-asset credit within its $5.1 billion private markets portfolio. 

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Teachers’ Retirement System of Louisiana

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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