Louisiana State Employees’ approves $70m in commitments

The US public pension has backed two private equity funds managed by KPS Capital Partners.

Institution: Louisiana State Employees’ Retirement System
Headquarters: Baton Rouge, United States
AUM: $11.52bn
Allocation to alternatives: 15.20%
Bitesize: $50-100m

Louisiana State Employees’ Retirement System has agreed commitments of $50 million to KPS Special Situations Fund V and $20 million to KPS Special Situations Mid-Cap Fund, a contact at the pension informed Private Equity International. Both funds are concerned with the buyout of distressed companies in sectors including consumer goods, manufacturing, industrials and retail.

As illustrated below, the pension has made five commitments to private equity funds with a 2018 or 2019 vintage, which combined constitute $370 million.

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