Louisiana School Employees’ Commits Up to $25M to Bernhard Capital Partners

The Louisiana School Employees’ Retirement System has committed up to $25 million to a middle market buyout fund, Bernhard Capital Partners Fund III, staff confirmed in an email.

BCP Fund III will target investments in companies that provide essential services to infrastructure, energy, and industrial sectors.

As of December 31, 2021, the $2.2 billion Retirement System targets 12 % to private equity while the actual allocation was 3.98%.

Jeffrey Boucek of Segal Marco serves as the System’s investment consultant.

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