TRSL approves $275m in commitments

The US public pension has backed three multi-regional private equity funds.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
AUM: $19.71bn
Allocation to alternatives: 32.00%
Bitesize: $50-100m

Teachers’ Retirement System of Louisiana (TRSL) has agreed to commit up to $100 million to HPS Mezzanine Partners 2019, up to $100 million to Blackstone Capital Partners VIII and up to $75 million to Summit Partners Growth Equity Fund X, a contact at the firm disclosed to Private Equity International. HPS Investment Partners’ fund focuses on mezzanine debt, Blackstone’s fund focuses on buyouts and Summit Partners’ fund focuses on venture capital / growth equity.

The $19.71 billion US public pension has a 14.0 percent current and target allocation to private equity.

TRSL has made 20 commitments focused on private equity with a vintage of 2018 and 2019, which combined constitute $1.53 billion.

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