Louisiana MPERS Commits $155M to Equities

The Louisiana Municipal Police Employees’ Retirement System (MPERS) has committed $155M to equities, according to recently published minutes from its August 21 board meeting.

The commitments comprise $70M to the HarbourVest Frenchmen Street Fund, a private equity middle-market buyout vehicle, and $84M to the SSgA MSCI EAFE Small Cap Index, an international equities strategy representing 3% of the portfolio. NEPC assisted in making the recommendations.

As of September 30, Louisiana MPERS manages approximately $2.9B in assets, with 9% allocated to private equity, above the policy target of 7%, and 13.2% allocated to international equities, closely aligned with the target of 13.5%.

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