TRSL confirms $175m in commitments

The Baton Rouge-based public pension has backed three private equity funds.

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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