LASERS approves $100m commitment

The US public pension has backed Altas Partners' second series buyout fund.

Institution: Louisiana State Employees’ Retirement System
Headquarters: Baton Rouge, United States
AUM: $11.29bn
Allocation to alternatives: 15.20%
Bitesize: $50-100m

Louisiana State Employees’ Retirement System (LASERS) has made a commitment of $100 million to Altas Partners II, a source at the pension informed Private Equity International. The firm’s second US-focused buyout fund launched in January.

As illustrated in the charts below, LASERS has made three commitments to private equity funds with a 2018 or 2019 vintage, which combined constitute $300 million.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.