Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $25.4 billion
Allocation to alternatives: 47%
Teachers’ Retirement System of Louisiana has committed $175 million across three private equity funds, a contact at the pension confirmed.
The pension is investing $75 million in TPG‘s ninth fund, TPG Partners IX, and $50 million into Hark Capital IV, which is managed by abrdn. A further $50 million was committed to Bernhard Capital Partners‘ third fund, Bernhard Capital Partners III.
TRSL’s recent private equity commitments have tended to focus on North America-based vehicles targeting debt or buyout returns.
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