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TRSL approves $100m in commitments

The US public pension has backed two private equity funds.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $18.72 billion
Allocation to alternatives: 41.0%

Teachers’ Retirement System of Louisiana has agreed to commit $50 million each to ICG Recovery Fund II and Castlelake V Dislocated, a contact at the pension informed Private Equity International.

The $18.72 billion US public pension has a 14.0 percent target allocation to private equity that currently stands at 19.0 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the telecommunications, biotechnology and healthcare sectors within the North America, Europe, Latin America, Asia-Pacific regions.

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