LP Tearsheet

Louisiana State Employees’ approves $100m commitment

The US public pension has backed a venture capital fund.

By
Muhammad Humzah Obaid
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Institution: Louisiana State Employees’ Retirement System
Headquarters: Baton Rouge, United States
AUM: $11.43bn
Allocation to alternatives: 15.80%
Bitesize: $50-100m

Louisiana State Employees’ Retirement System has agreed to commit $100 million to Insight Venture Partners XI, a contact at the pension informed Private Equity International.

The $11.43 billion pension fund is a repeat investor the this fund series, having previously committed $50 million to Fund X in 2017.

As illustrated below, Louisiana State Employees’ Retirement System has made four commitments to 2019-vintage private equity funds, which combined constitute $270 million.

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