The Louisiana Teachers’ Retirement System, which has $26.5bn in assets, has approved new commitments totalling $364m to private markets investment vehicles, according to a report by Pensions & Investments Online.
The report cites a spokesperson for the Baton Rouge-based pension fund as confirming that during its August 26 meeting, the Baton Rouge-based pension fund’s board sanctioned three major investments: €150m ($164m) to ICG Europe Fund IX, a middle-market debt fund managed by Intermediate Capital Group; $100m to Summit Partners Growth Equity Fund XII, a growth equity fund; and $100m to THL Equity Fund X, a large-cap buyout fund managed by Thomas H Lee Partners, according to a spokesperson.
These new commitments follow previous private markets investments made by the pension fund in 2021, which included $100m to Thomas H Lee Equity Fund XI and $75m each to ICG Europe Fund VIII and Summit Partners Growth Equity Fund XI.
As of 30 June, the pension fund’s actual allocation to alternative assets and real estate stood at 48%.
