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Alternative Assets  + Real Estate  |  November 21, 2024
Louisiana Teachers Pension Invests $650M in Real Estate 
By: Joe Palmisano

Louisiana Teachers Pension Invests $650M in Real Estate 

The Teachers’ Retirement System of Louisiana added $650 million to its real estate program through three funds. The portfolio, made up of core and opportunistic strategies, totals $3.2 billion.   

The Smart Markets Fund, a core real estate strategy of Stockbridge Capital Group, received the largest allocation, totaling $400 million. According to a presentation made to trustees, the fund has remained underweight office and overweight industrial assets since its launch in 2011. 

Mesirow Financial Real Estate Value Fund V and Sculptor Real Estate Fund V have also been approved for $125 million each. 

The Mesirow Financial Real Estate Value Fund V is a sector-focused strategy that prioritizes value-added opportunities within the U.S. multifamily sector. Fund V, according to Mesirow, is utilizing the same value-added U.S. apartment sector strategy as its predecessors, Mesirow Financial Real Estate Value Funds I, II, III, and IV. 

The Sculptor Real Estate Fund V is the most recent in a succession of funds that concentrate on opportunistic investments. Sculptor invests in real estate and real estate-related assets in Europe and North America. 

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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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