DJIA52342.56 -132.54
S&P 5007720.39 -23.59
NASDAQ26184.73 -365.13
Russell 20002859.22 28.71
German DAX26052.75 355.30
FTSE 10010722.07 27.57
CAC 407970.00 83.04
EuroStoxx 506212.35 45.80
Nikkei 22564659.47 705.28
Hang Seng22958.65 -136.18
Shanghai Comp3651.43 -30.04
KOSPI5937.66 -74.78
Bloomberg Comm IDX141.34 -1.04
WTI Crude-fut115.64 1.45
Brent Crude-fut102.30 -0.52
Natural Gas3.36 -0.10
Gasoline-fut3.10 -0.01
Gold-fut4033.30 -31.20
Silver-fut52.22 -1.65
Platinum-fut1488.70 -53.50
Palladium-fut1003.50 -10.50
Copper-fut6.60 -0.09
Aluminum-spot2995.00 -200.00
Coffee-fut286.55 0.20
Soybeans-fut1234.50 -2.50
Wheat-fut603.25 3.75
Bitcoin79394.98 -1763.82
Ethereum USD2260.45 -95.53
Litecoin55.21 -4.11
Dogecoin0.08 0.00
EUR/USD1.1145 0.0004
USD/JPY158.36 0.63
GBP/USD1.3300 -0.0023
USD/CHF0.8305 0.0017
USD IDX101.91 -0.24
US 10-Yr TR4.937 -0.108
GER 10-Yr TR3.3343 -0.0241
UK 10-Yr TR5.294 -0.0077
JAP 10-Yr TR2.843 0.006
Fed Funds4 0
SOFR3.94 -0.01
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

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

Connect

Inside The Story

Teachers’ Retirement System of Louisiana

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints