Institution: Louisiana State Employees’ Retirement System
Headquarters: Baton Rouge, US
AUM: $13.7 billion
Allocation to alternatives: 18.2%
Hong Kong-based fund manager Baring Private Equity Asia is currently in market raising $8.5 billion for its flagship private equity vehicle. It is LASERS’ second commitment to the manager. Previously, the pension fund had committed $100 million to its predecessor fund, Baring Asia Private Equity Fund VII.
The $13.7 billion US public pension currently allocates 18.2 percent of its investment portfolio to alternatives. As illustrated below, LASERS’ recent fund commitments have targeted various private equity vehicles across multiple sectors.
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