Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $23.48 billion
Allocation to alternatives: 36%
Teachers’ Retirement System of Louisiana approved $220 million-worth of commitments to private equity funds at its March 2021 meeting, a contact at the pension confirmed to Private Equity International.
The commitments comprised $50 million to Genstar Capital Partners X; $75 million each to Hellman & Friedman Capital Partners X and Castlelake Income Opportunities Fund II; and $20 million to Insight Venture Partners X Follow-On Fund.
The $23.48 billion US public pension has a 14 percent allocation that currently stands at 17 percent.
As illustrated below, TRSL’s recent private equity commitments have predominantly targeted North American and global vehicles focused on buyout, growth equity and secondaries investments.
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