TRSL approves $150m in commitments

The US public pension has backed two buyout funds.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
AUM: $21.49bn
Allocation to alternatives: 35.0%
Bitesize: $50-100m

Teachers’ Retirement System of Louisiana has confirmed commitments of $75 million each to CVC Capital Partners VIII and Thoma Bravo Fund XIV, a contact at the pension informed Private Equity International.

The $21.49 billion US public pension has a 14.0 percent target allocation to private equity that currently stands at 15.0 percent.

As illustrated below, TRSL has made four commitments to private equity funds with a 2020 vintage, which combined constitute $265 million.

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