Louisiana School ERS Commits $50M to Alts

The Louisiana School Employees’ Retirement System has disclosed two alternative investments totaling $50 million that was approved at the August meeting.

$10 million was committed to the Kinterra Battery Metals Mining Fund, managed by Kinterra Capital. Kinterra invests in critical minerals, processing infrastructure, and applications to advance energy transition.

In addition, $40 million was committed to Landseer Insurance Co-Investment, a private equity fund.

As of March 31, 2023, the $2.1 billion Retirement System has an actual and target allocation to Natural Resources of 14.47% and 6% respectively. The actual and target allocation to private equity was 12.7% and 12% respectively.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!