LSERS approves $150m commitment

The US public pension has re-upped with Landseer's private equity fund of one.

Institution: Louisiana School Employees’ Retirement System
Headquarters: Baton Rouge, United States
Total AUM: $2.14 billion
Allocation to alternatives: 16%

Louisiana School Employees’ Retirement System has agreed to commit $150 million to Landseer Investments Fund 2021, a contact at the pension confirmed to Private Equity International.

This is the second private equity fund managed by Landseer the pension has backed. LSERS previously committed $150 million to Landseer Investments Fund 2020.

As illustrated below, LSERS allocates 4 percent of its full investment portfolio to private equity. The pension’s recent commitments to private equity have been to North America-focused vehicles.

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