TRSL approves £50m commitment

The US public pension has backed Bridgepoint's fourth development capital fund.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
AUM: $21.49bn
Allocation to alternatives: 35.0%
Bitesize: $50-100m

Teachers’ Retirement System of Louisiana has agreed to commit £50 million ($65.2 million) to Bridgepoint Development Capital IV, a contact at the pension informed Private Equity International.

The $21.49 billion US public pension has a 14.0 percent target allocation to private equity which currently stands at 15.0 percent.

As illustrated below, the Retirement System has made several commitments to private equity funds with a 2019 or 2020 vintage, which combined constitute $1.01 billion.

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