TRSL confirms $50m commitment

The US public pension has backed Roark Capital Partners' latest private equity offering.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $24.04 billion
Allocation to alternatives: 37%

Teachers’ Retirement System of Louisiana confirmed a $50 million commitment to Roark Capital Partners VI at its April 2021 meeting, a contact at the pension informed Private Equity International.

Roark Capital Partners‘ sixth fund from its flagship series is in market targeting $5 billion in capital commitments. Fund V held a final close, also at $5 billion, in October 2018.

TRSL has a 14 percent target allocation to private equity which stands at 18 percent.

TRSL’s recent private equity fund commitments have predominantly targeted North American and transatlantic vehicles focused on buyout, growth and mezzanine investments.

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