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TRSL approves $200m in commitments

The US public pension has backed a pair of private equity funds in its maiden 2021 commitments haul.

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Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $22.82 billion
Allocation to alternatives: 37%

Teachers’ Retirement System of Louisiana confirmed $200 million of private equity commitments to two funds at its January 2021 investment committee meeting, a contact at the pension informed Private Equity International.

The commitments comprised $100 million each to Thomas H Lee Equity Partners IX and Charterhouse Capital Partners XI.

TRSL has a 14 percent target allocation to private equity that currently stands at 18 percent.

As illustrated below, the $22.82 billion US public pension’s private equity commitments have tended to target venture capital, growth equity or buyout vehicles focused on Europe and North America.

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