TRSL approves $50m commitment

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

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
AUM: $20.02 billion
Allocation to alternatives: 38%

Teachers’ Retirement System of Louisiana has agreed to commit $50 million to Balance Point Capital Partners V, a contact at the pension informed Private Equity International.

The $20.02 billion US public pension has a 14 percent target allocation to private equity that currently stands at 17 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the technology, financial services, industrials and healthcare sectors within the Latin America, Europe and North America regions.

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