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Teachers’ Retirement System of Louisiana approves $125m in commitments

The US public pension has backed two private equity funds.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
AUM: $20.89bn
Allocation to alternatives: 35.0%
Bitesize: $50-100m

Teachers’ Retirement System of Louisiana has agreed to $125 million-worth of private equity commitments, a contact at the pension informed Private Equity International. The commitments comprise of $75 million to Castlelake Aviation IV – Stable Yield (leasing) and $50 million to Kohlberg Investors IX.

The $20.89 billion US public pension has a 14.0 percent target allocation to private equity that currently stands at 16.0 percent.

As illustrated below, TRSL has made 12 commitments to 2019-vintage private equity funds, which combined constitute $825 million.

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