TRSL 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: $20.82bn
Allocation to alternatives: 36.0%
Bitesize: $50-100m

Teachers’ Retirement System of Louisiana has agreed to commit $75 million to BCP Special Opportunities Fund II and $50 million to ASI Hark Capital III, a contact at the pension informed Private Equity International. The commitment to ASI Hark Capital III marks the first time TRSL has committed to a private equity fund managed by Aberdeen Standard Investments.

The $20.82 billion US public pension has a 14.0 percent target allocation to private equity which currently stands at 16.0 percent.

As illustrated below, TRSL has made 14 commitments to private equity funds with a 2019 or 2020 vintage, which combined constitute $950 million.

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