TRSL confirms $50m in commitments

The Baton Rouge-based public pension has backed EQT's latest buyout/corporate equity fund.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: 
Baton Rouge, US
AUM: 
$27.26 billion
Allocation to alternatives:
41%

Teachers’ Retirement System of Louisiana committed $50 million to EQT‘s 10th fund at its April board meeting, a contact at the pension confirmed to Private Equity International.

EQT X is a buyout/corporate private equity fund that launched earlier this year targeting $20 billion. It will invest into the healthcare, industrials and TMT across Europe and North America.

At the meeting, the pension also considered Advent International GPE X. Representatives from the firm presented to the TRSL investment committee, however the motion was struck down.

As illustrated below, TRSL’s recent private equity commitments have tended to focus on buyout/corporate private equity and debt vehicles globally.

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