Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $26.5 billion
Allocation to alternatives: 35%
Teachers’ Retirement System of Louisiana confirmed two commitments to private equity funds managed by Leonard Green & Partners at its January board meeting, a contact at the pension informed Private Equity International.
At the meeting, Hamilton Lane, the pension’s investment consultant, also presented a proposed pacing plan for 2022. The consultant outlined a $1.3 billion-1.8 billion plan across funds in multiple sectors. In documents provided by the firm, it stated that $450 million-$550 million should be allocated to around four to six buyout/corporate financing vehicles. Hamilton Lane outlined the following buyout funds:
- Clearlake Capital Partners VII
- Insight Annex Fund Buyout
- Summit Partners Growth Equity Fund XI
- Kelso Investment Associates XI
- Platinum Equity Capital Partners VI
- Thoma Bravo XV
Hamilton lane suggested $100 million-$150 million-worth of commitments should be made to three to five venture capital funds for investment, which could potentially be to the following:
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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