TRSL approves $200m in commitments

The US public pension has backed three private equity funds.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
AUM: $20.11bn
Allocation to alternatives: 33.0%
Bitesize: $50-100m

Teachers’ Retirement System of Louisiana (TRSL) has agreed to commit up to $75 million to Summit Partners Credit Fund III, up to $100 million to Platinum Equity Capital Partners V and up to $25 million to New Enterprise Associates 17, a contact at the pension informed Private Equity International.

The $20.11 billion US public pension has a 14.0 percent target allocation to private equity which currently stands at 15.0 percent.

TRSL has made five commitments to private equity funds with a 2019 vintage, which combined constitute $400 million.

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