LSERS approves $150m commitment

The US public pension has backed a North American buyout fund.

Institution: Louisiana School Employees’ Retirement System
Headquarters: Baton Rouge, United States
Total AUM: $1.63 billion
Allocation to alternatives: 23.44%

Louisiana School Employees’ Retirement System has agreed to commit $150 million to Landseer Investments Fund 2020, according to its July 2020 retirement board meeting minutes.

As illustrated below, LSERS allocates 3.45 percent of its full investment portfolio to private equity. Its recent commitments to private equity have been to funds that employed a wide range of strategies primarily in North America.

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