TRSL approves $75m commitment

The US public pension has backed a Multi Regional focused fund.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, United States
AUM: $21.05bn
Allocation to alternatives: 32.00%
Bitesize: $50-$100m

The Teachers’ Retirement System of Louisiana (TRSL) board has agreed to commit $75 million to Apollo Natural Resources Partners III, Lisa Honore, Executive Liaison Officer, confirmed in an email. The buyout fund is managed by Apollo Global Management.

The $21.05 billion US public pension has a 14 percent target allocation to private equity that currently stands at 13 percent.

TRSL has made fourteen commitments to funds focused on private equity with a 2018 vintage, which combined constitute $985 million.

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