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TRSL approves $50m commitment

The US public pension has backed a North American private equity fund.

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Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $20.02 billion
Allocation to alternatives: 38.0%

Teachers’ Retirement System of Louisiana has agreed to commit $50 million to TCV XI, a contact at the pension informed Private Equity International.

The $20.02 billion US public pension has a 14.0 percent target allocation to private equity that currently stands at 17.0 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the technology and healthcare sectors within the Asia-Pacific, North America and Europe regions.

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