Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $25.90 billion
Allocation to alternatives: 37%
The vehicle launched in Q1 2021 with a $4.5 billion target. Blackstone‘s Tactical Opportunities fund series invests globally across a variety of sectors, though the strategic focus is on equity, debt and mezzanine investments in special situations.
TRSL has a 14 percent target allocation to private equity that currently stands at 19 percent.
As illustrated below, TRSL’s recent private equity commitments have targeted predominantly global mezzanine and buyout funds.
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